NIFTY 50

Buy SRF & sell Equitas Holdings, Nestle, Exide, says stock analyst Mitessh Thakkar

Updated : May 09, 2019 10:20 AM IST

The latest analysis and commentary by stock market guru Mitessh Thakkar of mitesshthakkar.com on what is moving the markets today.

He shared his views and readings on Equitas Holdings, Nestle India, Exide Industries, SRF, Motherson Sumi, Interglobe Aviation, Dr Reddys, Bosch, Larsen and Toubro (L&T), Federal Bank, Bandhan Bank.

Talking about stocks, he said, “Sell Equitas with a stop at Rs 128.50 for targets close to Rs 120. Nestle is a sell, keep a stop at Rs 10,525 and look for targets close to about Rs 9,800 and a sell on Exide as well with a stop at Rs 213.50 for targets of Rs 198.”

“I would attempt one long trade on SRF. The stock has come to support levels. So around Rs 2,400 being a good support keep a stop loss 2-3 points below that and look for a pullback to about Rs 2,520 levels,” he added.

Follow stock recommendations by Mitessh Thakkar here: https://www.cnbctv18.com/author/mitessh-mthakkar-111/

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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