BUY HUL, GAIL, Bharti Airtel; SELL Voltas: Sudarshan Sukhani
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for the trading session. Indian markets are expected to open strong as the Indian government has announced stimulus package to help Indian economy deal with COVID-19 pandemic. Traders were expecting the government to announce package to help industry and workers that are at risk of losing jobs due to lockdowns.
Sudarshan Sukhani has suggested BUY Call for FMCG major Hindustan Unilever for the trading session. Traders can Buy HUL with a stop loss of Rs 1,975, target at Rs 2,055. Other stock on Sukhani’s buy list for the trading session is telecom major Bharti Airtel. Traders can Buy Bharti Airtel with a stop loss of Rs 550, target at Rs 570.
Sukhani suggests traders to SELL PSU energy company GAIL. On the charts, GAIL is looking weak, as per Sudarshan Sukhani. Traders can Sell GAIL with a stop loss of Rs 92, target at Rs 85. Other stock on Sukhani’s sell list for the day is Tata Group electronics company Voltas. Traders can Sell Voltas with a stop loss of Rs 468, target at Rs 450.
US markets closed with loss of nearly 400 points for Dow Jones. Asian markets have been trading mixed today and European markets closed mixed yesterday. We can expect selling at higher levels.
TopNews will review the performance of trading calls by the end of the trading session.