Sudarshan Sukhani: BUY HCL Technologies, Granules India, Canara Bank; SELL India Cements
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 and we could see negative trade for today’s session. Markets are waiting for global cues and this week could be range-bound trade. Markets have declined during the last week and US stock markets have been trading low after US Federal Reserve meeting.
Sukhani has suggested BUY Call for Granules India at current levels with a stop loss at Rs 323. 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. Traders can initiate a BUY Trade for technology major HCL Tech at current price with a stop loss at Rs 1,030.
Sukhani has suggested BUY Call for PSU banking major Canara Bank with a stop loss at Rs 309. The stock is looking strong on the charts and banking counters have been trading strong over the last few sessions.
Sukhani has suggested SELL Call for India Cements with a stop loss at Rs 239.
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.