Mitessh Thakkar: BUY Nestle, HDFC Bank; SELL Tata Power and Havells India
Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today but we can also see buying during the session as markets have been trading low for the last two sessions. Markets are looking forward to global cues while the sentiment locally is bullish. Markets could see fresh buying in select stocks this week.
Thakkar has suggested BUY Call for private banking major HDFC Bank for a target of Rs 1,680 with a stop loss at Rs 1,624. HDFC Bank has witnessed a positive breakout and the stock has been suggested by BUY by many market experts. Thakkar has suggested BUY Call for FMCG major Nestle at current levels for a target of Rs 20,800 with a stop loss at Rs 19,950.
Thakkar has suggested SELL Call for private power major Tata Power for a target of Rs 210 with a stop loss at Rs 223. Thakkar has suggested SELL Call for Havells for a target of Rs 1,145 with a stop loss at Rs 1,202.
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.