Sudarshan Sukani: BUY Havells India, Marico and Escorts India
Technical expert Sudarshan Sukhani has suggested three BUY Calls for today’s session and no SELL call. Indian markets are expected to open positive today as Asian stocks have been trading strong. We have witnessed Indian markets inching higher every week over the last couple of months. Markets haven’t witnessed any major correction after the stocks started moving higher in April 2020. We could see selling pressure in select counters as some stocks are in overbought territory.
Sukhani has suggested BUY call for automobile major Escorts as the stock is looking strong on technical charts. Traders can initiate a BUY trade in Escorts with a stop loss of Rs 1,103, target at Rs 1,254.
Sukhani has suggested BUY Call for Havells India with a stop loss of Rs 602, target at Rs 677.
In FMCG sector, Marico is looking strong on the charts. The company has reported strong quarterly results and we can expect better performance for the upcoming quarterly results as well. Sukhani has suggested BUY Marico with a stop loss of Rs 363, target at Rs 394.