Manoj Murlidharan: BUY Sun Pharmaceuticals and Bajaj Auto
Technical analyst Manoj Murlidharan has suggested two BUY Calls for today’s trade, indicating a bullish outlook for Indian markets. Indian markets are expected to touch another all-time high. Markets have been trading firm and we can expect markets to showcase further strength if global cues remain positive. Indian stocks have been performing strong and companies have reported strong quarterly numbers. Investors and traders are bullish about stocks in short term.
Murlidharan has suggested BUY Call for pharmaceutical major Sun Pharma at current levels with Stop Loss below Rs 990 for an upside target of Rs 1060. The stock can even reach Rs 1070 and above in case the markets remain positive.
Murlidharan has suggested BUY Call for automobile major Bajaj Auto. The stock is looking strong on the charts and has been recommended by Mitesh Thakkar today. Murlidharan has suggested BUY Call at current levels with target price of Rs 4760 with Stop Loss at Rs 4680.
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.