Sudarshan Sukhani: BUY Dixon Technologies, AB Capital; SELL Motherson Sumi and ShriRam Transport
Technical Analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to trade lower today, tracking global cues. US markets have closed negative for the last two trading sessions and global trend right now seems negative. Indian markets can take support from lower levels during the afternoon session if European markets open positive.
Sukhani has suggested BUY Call for AB Capital with a stop loss at Rs 106. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. The stock is looking strong on the charts.
Sukhani has suggested BUY Call for Dixon Technologies with a stop loss at Rs 3,875.
Sukhani has suggested SELL Call for Shriram Transport Finance with a stop loss at Rs 1,330. Traders can initiate a SELL Trade for Motherson Sumi with a stop loss at Rs 128, 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.