Mitesh Thakkar: BUY Bajaj Auto, Aurobindo Pharma, Dr Reddy’s; SELL IndusInd Bank
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to remain range-bound in today’s trade. The markets have been trading strong for quite some time and market participants are looking forward to a healthy correction as valuation of many stocks seems overstretched.
Thakkar has suggested BUY Call for Aurobindo Pharma with a stop loss of Rs 869, target at Rs 920. Thakkar has also suggested BUY Trade for Dr. Reddy’s. Traders can BUY Dr Reddy's with a stop loss of Rs 5,140, target at Rs 5,350, as per Thakkar.
Among automobile stocks, Thakkar has Bajaj Auto on his radar for the trading session. Automobile companies have registered strong sales over the last three months. Traders can BUY Bajaj Auto with a stop loss of Rs 3,300, target at Rs 3,460, as per Thakkar.
Thakkar has suggested SELL Trade for private banking major IndusInd Bank with a stop loss of Rs 918, target at Rs 880.
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.