Sudarshan Sukhani: BUY Tata Chemicals, Kotak Mahindra Bank, Vedanta; SELL SBI Life
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly positive today but we could see selling pressure as F&O expiry is tomorrow and trading volume could be higher, with more volatility. US markets closed slightly negative on Tuesday and Asian markets have been trading mixed.
In private banking space, Sukhani has suggested BUY Call for Kotak Mahindra Bank. Traders can Buy Kotak Bank with a stop loss of Rs 1,380, target at Rs 1,430, as per Sukhani. Kotak Mahindra Bank has been suggested for BUY Trade by market experts Ashwani Gujral and Mitesh Thakkar for today’s session.
Sukhani has suggested BUY Call for Tata Chemicals with a stop loss of Rs 327, target at Rs 358.
Traders can initiate a BUY trade in metals major Vedanta with a stop loss of Rs 125, target at Rs 141, as per Sukhani.
Only SELL Call for the day suggested by Sukhani is SBI Life. Traders can SELL SBI Life with a stop loss of Rs 875, target at Rs 843, as per Sukhani.
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.