Sudarshan Sukhani: BUY Indus Towers, IRCTC; SELL Tata Consumer and PI Industries
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open strong today and we can expect markets to trade positive for the rest of the trading session. After last week’s weakness in trade, we can expect Indian markets to recover. The strong bullish undertone of the markets has worried many market participants as there hasn’t been any major correction in stocks.
Sukhani has suggested BUY Call for IRCTC for a target price of Rs 3,850 with a stop loss at Rs 3,760. Traders can initiate a BUY Trade for Indus Towers for a target of Rs 320 with a stop loss at Rs 311, as per Sukhani.
Sukhani has suggested SELL Call for PI Industries for a target of Rs 3,055 with a stop loss at Rs 3,135. Traders can SELL FMCG major Tata Consumer for a target of Rs 790 with a stop loss at Rs 810, as per Sukhani. The stock is looking weak on the technical charts.
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.