Sudarshan Sukhani: BUY Cummins India, HCL Technologies, Lupin; SELL Zee
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL call for today’s trading session. Indian markets closed 500 points lower on Monday as we witnessed selling in many sectors. The markets recovered towards the end of the trading session. Indian markets could open strong today and we could see gains as Asian markets have been trading strong this morning. US markets closed positive as US Federal Reserve has announced new moves to help financial sector.
Sukhani has suggested BUY Call for Cummins India with a stop loss of Rs 385, target at Rs 405. Pharmaceutical companies have been in focus and many stocks have touched 52-week high during the recent weeks. Sukhani has suggested traders to initiate a BUY trade in Lupin with a stop loss of Rs 925, target at Rs 965.
From technology sector, Sukhani see support for HCL Technologies on the technical charts. Traders can BUY HCL Tech with a stop loss of Rs 563, target at Rs 587.
Sukhani has suggested SELL call for Zee with a stop loss of Rs 170, target at Rs 160. Traders should keep strict stop loss for all the trades as markets are volatile and if a trade doesn’t perform as expected, the losses are minimized with Stop Loss.
TopNews will review trading call performance by the end of the trading session.