Sudarshan Sukhani: BUY Hero MotoCorp, Reliance; SELL HDFC Life
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and one SELL Call for today’s trading session. Indian markets have been following the trends in the global markets and with US market losing in yesterday’s trading session, we can expect Indian markets to open lower today. Asian markets have been trading negative this morning.
Sukhani has suggested BUY Call for Reliance Industries with a stop loss of Rs 1,970, target at Rs 2,035. Among automobile stocks, Hero MotoCorp is looking strong on the charts. Traders can BUY Hero MotoCorp with a stop loss of Rs 2,875, target at Rs 2,965, as per Sukhani.
Sukhani has suggested SELL Call for HDFC Life. Traders can initiate a SELL Trade for HDFC Life with a stop loss of Rs 673, target at Rs 657, as per Sukhani.
All trades should be carried out with strict Stop Loss. In case the trade doesn’t happen as per expectations, it is good to exit the trade if the call is in profit. TopNews will review performance of trading calls by the end of the trading session.