Manoj Murlidharan: BUY Sun Pharma and Mahindra & Mahindra

Manoj Murlidharan: BUY Sun Pharma and Mahindra & Mahindra

Market expert Manoj Murlidharan from Religare Broking has suggested two BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open flat and we can expect stock specific action in the markets today. The markets are expected to remain slightly negative today. The market rally in the last few weeks paused during the last week. Markets are looking for next major trigger and have remained in a narrow range during the last few sessions.

Murlidharan has suggested BUY Call for pharmaceutical major Sun Pharma at current levels for a target of Rs 1010 with a Stop Loss at Rs 955. Sun Pharma has given a positive breakout and can offer good returns. Pharmaceutical stocks are once again looking attractive. As majority of stocks have witnessed jump in valuations, pharmaceutical stocks can lead the next rally.

Murlidharan has suggested BUY Trade for automobile major Mahindra & Mahindra at current price for target of Rs 1410. The stop loss for this trade has been suggested at Rs 1375. The stock is looking strong on the charts. Traders can also take position for this counter in next month’s Futures Contract.

All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.

Analyst Views: