Sudarshan Sukhani: BUY Hindustan Unilever, Aurobindo Pharma, NIIT Tech; SELL Berger Paints
Technical analyst Sudarshan Sukhani has suggested three BUY calls and one SELL call for today’s trade. Indian markets have been trading strong for the past many trading sessions and we witnessed decline yesterday. Markets have witnessed a strong rally and market players are expecting a correction going forward. Asian markets have been trading slightly positive today and Dow Jones closed 170 points higher on Wednesday.
Sukhani has suggested Buy Call for NIIT Tech with a stop loss of Rs 1,490, target at Rs 1,590. Other stock on Sukhani’s buying list for the day is FMCG counter Hindustan Unilever. Market expert Ashwani Gujral has also suggested BUY call for HUL today. Traders can Buy HUL with a stop loss of Rs 2,150, target at Rs 2,220.
Other stock on Sukhani’s buying list for the day is Aurobindo Pharma. Traders can initiate a Buy Aurobindo Pharma with a stop loss of Rs 790, target at Rs 820.
Sukhani feels that Berger Paints is weak on the technical charts and traders can sell this stock. Sukhani has suggested Sell Call for Berger Paints with a stop loss of Rs 505, target at Rs 492.
All trades should be conducted with strict Stop Loss in order to avoid any major loss in case the markets don’t perform as expected. TopNews will review trading call performance by the end of the trading session.