Sudarshan Sukhani: BUY Reliance, HAL, SBI Life; SELL Hero MotoCorp, Motherson Sumi
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today as US and European stocks closed negative on Monday. Indian markets will also be looking forward to RBI monetary policy meeting. Inflation has become a major worry for central banks across the world and rising interest rates could result in further decline in global markets.
Sukhani has suggested BUY Call for Reliance Industries on every dip, it is an investing idea rather than a day trade. 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 Hindustan Aeronautics Ltd with a stop loss at Rs 1,840. Traders can initiate a BUY Trade for SBI Life with a stop loss at Rs 1,120, as per Sukhani.
Sukhani has suggested SELL Call for Hero Motocorp with a stop loss at Rs 2,600. Traders can SELL Motherson Sumi with a stop loss at Rs 128, as per Sukhani.
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.