Mitessh Thakkar: BUY Nestle, Colgate-Palmolive, HDFC; SELL Gujarat Gas
Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session. Indian market is expected to remain range-bound today as US and European markets closed negative on Thursday. Global markets are facing high volatility due to inflation issues, US Fed policy decisions and Ukraine-Russia war. Indian markets have been trading firm for the last two trading sessions and we could see a decline in today’s trade.
Thakkar has suggested BUY Call for FMCG major Colgate-Palmolive for a target price of Rs 1,545 with a stop loss at Rs 1,475. Traders can initiate a BUY Call for FMCG counter Nestle for a target of Rs 18,150 with a stop loss at Rs 17,500, as per Thakkar.
Thakkar has suggested BUY Call for financial services major HDFC for a target of Rs 2,280 with a stop loss at Rs 2,206.
Thakkar has suggested SELL Call for Gujarat Gas for a target of Rs 494 with a stop loss at Rs 516. The stock is looking weak on the charts.
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.