Mitessh Thakkar: BUY Berger Paints, SELL Aurobindo Pharma, L&T and Indraprastha Gas
Market expert Mitesh Thakkar has suggested one BUY Call and three SELL Calls for today’s trading session, indicating a negative outlook for Indian markets today. Indian markets are expected to open negative today and we can witness selling pressure during the session. Markets could witness a small correction this week due to absence of any major triggers. Markets have been trading firm for a long time and a correction is expected by many market participants. Asian markets were trading mixed this morning.
Thakkar has suggested BUY Call for Berger Paints for a target of Rs 805 with a stop loss at Rs 780.
Thakkar has suggested SELL Call for pharmaceutical counter Aurobindo Pharma for a target of Rs 615 with a stop at 652. The stock is looking weak on the charts and with overall weakness in the markets, this counter could also see selling pressure.
Thakkar has suggested SELL Trade for Indraprastha Gas for a target of Rs 477 with a stop loss at Rs 496. Traders can SELL infrastructure major Larsen & Toubro for a target of Rs 1,850 with a stop loss at Rs 1,917.
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.