Sudarshan Sukhani: BUY Bata India; SELL Grasim, Interglobe Aviation and Petronet LNG
Technical Analyst Sudarshan Sukhani has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to open flat and we can witness a volatile session today. US and European markets closed slightly negative on Tuesday but there can be buying at lower levels this week. Indian markets could also see a recovery today or tomorrow as markets have witnessed decline in the last few sessions. As quarterly results are coming from many companies, traders can expect stock specific action in the market these days.
Sukhani has suggested BUY Call for footwear and apparel manufacturer Bata India with a stop loss at Rs 1,770. The stock is looking strong on the charts. Traders can BUY on declines. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite.
Sukhani has suggested SELL Call for cement major Grasim with a stop loss at Rs 1,682. Traders can initiate a SELL Trade for aviation major Interglobe Aviation with a stop loss at Rs 1,800, as per Sukhani.
Sukhani has suggested SELL Call for Petronet LNG with a stop loss at Rs 203.
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.