Mitesh Thakkar: BUY Dabur, Bajaj Auto, Canara Bank and HDFC Life
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call, indicating a bullish outlook for Indian markets. NSE Nifty touched all-time high on Monday and we can expect markets to gain further ground today. NSE Nifty could soon touch 14,000 mark and we haven’t witnessed any major correction during the last few weeks. Indian markets are expected to open strong today and we can expect selective buying in blue-chip stocks.
Thakkar has suggested BUY Trade for automobile major Bajaj Auto with a stop loss of Rs 3,374, target at Rs 3,525. Among PSU banks, Canara Bank is on Thakkar’s radar for the day. Traders can BUY Canara Bank with a stop loss of Rs 121, target at Rs 133, as per Thakkar.
Thakkar has suggested BUY call for FMCG major Dabur with a stop loss of Rs 514, target at Rs 550.
Traders can initiate a BUY Trade for HDFC Life with a stop loss of Rs 664, target at Rs 710, 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.