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Here are some top trading bets from stock experts Mitessh Thakkar & Kiran Jadhav

Updated : May 10, 2019 12:37 PM IST

The latest analysis and commentary by stock market gurus Kiran Jadhav of kiranjadhav.com, Krish Subramanyam of Altamount Capital, and Mitessh Thakkar of mitesshthakkar.com on what is moving the markets today. Check out their top stock recommendations.

They spoke at length about Nestle, RBL Bank, UPL, DCB Bank, Reliance Industries, and HDFC Bank.

Stock specific, Thakkar said, “I have a sell on Nestle with a stop at Rs 10,500 for targets of Rs 9,800. RBL Bank is trying to reverse from lower levels. That is a buy with a stop at Rs 658 for targets of Rs 680.”

“UPL is one counter that you should buy. Stop loss would be Rs 950 in the cash levels and the target should be 965-968 which should be achieved today or latest by Monday morning. Buy DCB Bank. This is one bank which has given market outperformance and DCB is one counter which has seen a lot of delivery based buying. So, DCB Bank is a buy with a stop loss of Rs 213.50 and target should be Rs 222,” Jadhav said.

Subramanyam recommended buying Reliance Industries and HDFC Bank. “I am buying HDFC Bank 2,400 strike Call that is quoting around Rs 24-25, keeping a target of Rs 55 one could keep a stop loss of Rs 10. Last one is a plain vanilla buy of 1,280 strike Call in Reliance. This has seen a savage correction, but here again today there are some hints that probably at lower levels we are seeing some Put writing. Therefore one could take advantage of possible upside. So, one could buy Rs 1,280 strike Call that is quoting at around Rs 45, keeping a target of Rs 75 one could keep a stop loss of Rs 30,” he said.

Follow stock recommendations by Mitessh Thakkar here:

https://www.cnbctv18.com/author/mitessh-thakkar-111/

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

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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