Mitesh Thakkar: BUY Vedanta, Apollo Hospitals; SELL UltraTech Cement and Mahindra & Mahindra

Mitesh Thakkar: BUY Vedanta, Apollo Hospitals; SELL UltraTech Cement and Mahindra & Mahindra

Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open slightly positive today but we could see markets trading in a narrow range. Indian stocks declined on Monday due to renewed troubles with China on border issues. However, markets are now looking forward to next quarterly results as a major trigger. GDP numbers were worse than expected but market players have absorbed the shock.

Thakkar has suggested BUY Call for Apollo Hospitals with a stop loss of Rs 1,650, target at Rs 1,715. Thakkar has suggested BUY Call for Vedanta with a stop loss of Rs 129, target at Rs 138.

Thakkar has suggested SELL Call for automobile major Mahindra & Mahindra. Traders can SELL M&M with a stop loss of Rs 618, target at Rs 588, as per Thakkar. Traders can also initiate a SELL Trade in cement major UltraTech Cement with a stop loss of Rs 3,975, target at Rs 3,800.

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.

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