Mitesh Thakkar: BUY Nestle; Bata India, Hero MotoCorp and L&T Technology
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session, indicating a bullish sentiment. Indian markets are expected to open positive today and we can expect markets to trade with a positive bias. US markets close negative on Tuesday but the sentiment in Indian markets is still positive.
Thakkar has suggested BUY Call for Bata India for a target price of Rs 1,780 with a stop loss at Rs 1,708. Among FMCG stocks, Nestle is on Thakkar’s radar. Traders can BUY Nestle for a target of Rs 19,450 with a stop loss at Rs 18,500, as per Thakkar.
Thakkar has suggested BUY Call for automobile major Hero MotoCorp for a target of Rs 2,840 with a stop loss at Rs 2,755.
Traders can initiate BUY Trade for L&T Technology Services for a target of Rs 3,930 with a stop loss at Rs 3,785, as per Thakkar.
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.