Sudarshan Sukhani: BUY RBL Bank, Indigo; SELL LIC Housing Finance
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and one SELL Call for short term traders. Indian markets are expected to open flat today and we can witness selling pressure at higher levels. US markets closed mixed on Friday but the global mood is cautious. We can expect Indian markets to see a small correction. The results season is ongoing and there would be stock specific action in the markets.
Sukhani has suggested BUY Call for aviation major Indigo. Traders can BUY Indigo with a stop loss at Rs 1,993, as per Sukhani. Other stock on Sukhani’s radar is RBL Bank. Sukhani has not given any target or stop loss for RBL Bank. Traders can BUY RBL Bank at current levels.
Sukhani has suggested SELL Call for LIC Housing Finance without offering target price or stop loss. Traders can SELL LIC Housing at current levels and recover at lower levels.
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.