Mitesh Thakkar: BUY PNB, Bharti Airtel, IDFC First Bank, Nestle
Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Calls for today’s trading session. Indian Markets are expected to open strong today as global markets have given bullish cues. Indian markets could touch all-time high in today’s trading session and the strong momentum in stocks could lead many stocks to their 52-week highs.
Thakkar has suggested BUY Call for telecom major Bharti Airtel with a stop loss of Rs 460, target at Rs 494. Traders can BUY FMCG major Nestle with a stop loss of Rs 17,130, target at Rs 17,800, as per Thakkar.
Thakkar has suggested two BUY Calls for banking stocks. Traders can initiate a BUY trade for private banking counter IDFC First Bank with a stop loss of Rs 32.2, target at Rs 34.5, as per Thakkar. Traders can BUY PSU banking major Punjab National Bank with a stop loss of Rs 28, target at Rs 30, 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.