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Trading ideas by HDFC Securities: Buy Indian Hotels, United Breweries

The stock price of Indian Hotels has broken out from its three-week-long consolidation

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Vinay Rajani Mumbai
Nifty outlook
 
On June 22, Nifty hit a high of 15,895, and failed to register a new all-time high above 15,901, which was seen on June 15, 2021. The primary trend of the Nifty is still bullish and longs should be kept with the stoploss at 15,600. Above 15,901, Nifty could extend the rally towards 16,200 level.

Stock recommendations

Buy INDIAN HOTELS (Rs 139.90): | Target: Rs 155 | Stop-loss: Rs 130

The stock has broken out from its three-week-long consolidation. On June 22, 2021, the stock surged more than 4.5 per cent with jump in volumes. The stock