Mitessh Thakkar: BUY Birlasoft; SELL Lupin, Divis and Deepak Nitrite
Market analyst Mitesh Thakkar has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to open slightly lower today and we can expect a choppy trading session. Markets are in a consolidation mode and valuations for many stocks are looking overstretched for the moment. Markets have been missing a correction for many months and some of the market participants have turned cautious.
Thakkar has suggested BUY Call for Birlasoft for a target of Rs 495-500 with a stop loss at Rs 464. The stock is looking strong on the technical charts.
Thakkar has suggested SELL Trade for pharmaceutical counter Divi’s Laboratories for a target of Rs 4,650 with a stop loss at Rs 4,820. Other pharmaceutical stock on Thakkar’s radar for the session is Lupin. Traders can SELL pharmaceutical major Lupin for a target of Rs 880 with a stop loss at Rs 925.
Thakkar has suggested SELL Trade for Deepak Nitrite for a target of Rs 2,220-2,210 with a stop loss at Rs 2,325.
All trades should be carried out with strict Stop Loss. In case the trade doesn’t happen as per expectations, it is good to exit the trade if the call is in profit. TopNews will review performance of trading calls by the end of the trading session.