Sudarshan Sukhani: SELL BHEL, DLF, UBL; BUY HPCL
Technical analyst Sudarshan Sukhani has suggested three SELL Calls and one BUY Call for today’s trading session. Indian markets are expected to open lower today and we can witness selling pressure during the trading session. The negative sentiment in Asian markets has been triggered by 4.5 percent growth in China (much lower than expectations). Indian markets could see sustained selling in today’s session and we could only see a minor recovery if European markets open positive.
Sukhani has suggested SELL Call for real estate major DLF with a stop loss at Rs 399. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite.
Sukhani has suggested SELL Call for BHEL with a stop loss at Rs 56. Traders can initiate a SELL Trade for UBL with a stop loss at Rs 1,558, as per Sukhani.
Sukhani has suggested BUY Call for PSU energy major HPCL with a stop loss at Rs 288.
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.