Sudarshan Sukhani: BUY Bharti Airtel, HCL Technologies, SRF and Manappuram Finance
Technical analyst Sudarshan Sukhani has suggested BUY call for four stocks in today’s trade. Indian markets closed positive for two consecutive trading sessions, marking an end to panic selling that had gripped the markets during March end due to coronavirus pandemic. Traders are having a slight relief and a small rally in stocks has given a sentiment boost. Even as the markets go down, we see buying coming in at the lower levels.
Global markets have improved as well. Dow Jones closed nearly 3.5% percent higher on Wednesday. Asian markets were trading positive today. Indian markets will be closed tomorrow so today is the end of the trading week.
Sukhani has suggested BUY Call for telecom operator Bharti Airtel with a stop loss of Rs 450 and a target price of Rs 485. Traders should keep a strict stop loss as markets are quite volatile these days.
Technology company HCL Tech is also on Sukhani’s radar today. He has suggested BUY for HCL Technologies with a stop loss of Rs 444 and a target price of Rs 488. Other companies in technology space, Infosys, TCS and Wipro have also gained some of the lost ground in the recent trading sessions.
Small finance company Manappuram Finance can be bought with a stop loss of Rs 101 and a target price of Rs 120 as per Sukhani.
Sukhani also suggests BUY Call for SRF. Traders can initiate a trade in SRF with a stop loss of Rs 2,850 and a target price of Rs 3,300.