Read more about Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on on Business Standard. The stock of Nestle India has witnessed a gradual correction and has consolidated near the 200-DMA level of 16,950, maintaining a decent support.
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BUY HIND UNILEVER | CMP: Rs 2,269.50 | Target: Rs 2,450-2,480 | Stop Loss: Rs 2,170 The stock has corrected well from the peak made near 2,445 and has shown signs of bottoming out near 2,220 level with a momentum pick up expected going-forward. The RSI has also indicated a trend reversal near the oversold zone to signal a buy and is well placed for an upward move. We suggest to buy and accumulate this stock for an upside target of 2,420-2,450, keeping the stop loss of 2,170.
BUY UNITED SPIRITS | CMP: Rs 580.70 | Target: Rs 650-670 | Stop Loss: Rs 550 The stock has recently given a decent correction from the peak of 661 and has taken support near the 200-DMA level of 568 and also has the trend-line support base.
Read more about Nifty outlook and stock picks by Sameet Chavan: Buy ITC, Sell ICICI Bank on Business Standard. We have witnessed a good base building in the ITC stock and finally, it has managed to come out of its slumber