Sudarshan Sukhani: BUY HDFC Bank, Alkem Labs, Tata Chemicals; SELL Bata India
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today and we can witness a range-bound session today. US markets closed negative on Friday and Asian stocks were trading mixed this morning. Indian markets are still hovering around all-time highs for indices but next major resistance for NSE Nifty is 18675. We can see stock specific movement in the markets today. Private and public sector banks have witnessed strength in the recent times.
Sukhani has suggested BUY Call for Alkem Laboratories at current levels with a stop loss at Rs 3,000. The stock is looking strong on the charts. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. Sukhani has suggested BUY Call for private banking major HDFC Bank at current price with a stop loss at Rs 1,590. HDFC Bank has given a positive breakout.
Sukhani has suggested BUY Call for Buy Tata Chemicals at current levels with a stop loss at Rs 1,010.
Sukhani has suggested SELL Call for Bata India at current levels with a stop loss at Rs 1,700.
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.