Sudarshan Sukhani: BUY Hindalco, Dr Reddy’s, Lupin; SELL LIC Housing

Sudarshan Sukhani: BUY Hindalco, Dr Reddy’s, Lupin; SELL LIC Housing

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 today and we can see markets moving in a narrow range. There can be selling pressure in the markets today as we have seen a strong rally in the last few trading sessions. Markets are looking forward to direction from US markets as US Federal Reserve will be announcing interest rate hike today. The sentiment in Indian markets is largely positive but global factors will impact the market movement.

Sukhani has suggested BUY Call for pharmaceutical major Dr Reddy's Laboratories at current levels with a stop under Rs 4,350. 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.

Sukhani has suggested BUY Call for metal counter Hindalco Industries at current price with a stop under Rs 402. Sukhani has suggested BUY Call for pharmaceutical counter Lupin with a stop under Rs 685.

Sukhani has suggested SELL Call for LIC Housing Finance at current levels with a stop above Rs 408.

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.

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