BUY Dabur, Escorts, HCL Technologies; SELL IndiGo: Sudarshan Sukhani
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL call for today’s trading session. Indian markets have firmed up in the recent weeks and NSE Nifty is trading above its major resistance levels. The quarterly results will lead to stock-specific action but so far IT and FMCG companies have declared better than expected quarterly numbers.
Sukhani has suggested Buy Call for FMCG major Dabur with a stop loss of Rs 483, target at Rs 513. Other stock on Sukhani’s radar for the session is automobile major Escorts India. Traders can BUY Escorts with a stop loss of Rs 1,145, target at Rs 1,220.
Sukhani has suggested BUY Call for HCL Technologies as the stock is looking strong on the charts after touching fresh 52-week high. The company announced impressive results and the stock has seen sustained buying. Traders can BUY HCL Tech with a stop loss of Rs 627, target at Rs 702.
Sukhani has suggested only one SELL call today, for IndiGo Airlines as aviation sector is suffering a major setback from COVID-19 lockdowns. Traders can Sell IndiGo with a stop loss of Rs 990, target at Rs 940.
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.