Sudarshan Sukhani: BUY Hindustan Unilever, Torrent Pharma; SELL PVR and HPCL
Technical analyst Sudarshan Sukhani has suggested two BUY calls and two SELL calls for the trading session. Indian markets are expected to remain in a trading range for today’s session. The trends in global markets are suggesting weakness this week unless the situation with coronavirus changes in the United States. US markets have recovered from their lows as many regions have opened in the recent weeks and life is slowly crawling back to normal. But, economic experts also suggest that we might take a long time to recover and we might have to adjust to a ‘new normal’ after COVID is under control.
As per Sudarshan Sukhani, Traders can Buy Torrent Pharma with a stop loss of Rs 2,375, target at Rs 2,575. Another stock on Sukhani’s buy list for the day is FMCG major HUL. Sukhani feels that the charts for HUL are suggesting strength in the stock. Traders can Buy HUL with a stop loss of Rs 1,980, target at Rs 2,100.
Sukhani has suggested Sell trade for PVR with a stop loss of Rs 890, target at Rs 800. PVR has also been suggested for SELL call by market expert Ashwani Gujral for today’s session. Other stock on Sukhani’s radar for the day is PSU oil major HPCL. Traders can SELL HPCL with a stop loss of Rs 194, target at Rs 182.
TopNews will review performance of trading calls by the end of the trading session. Please keep a strict stop loss for all the trades.