Sudarshan Sukhani: BUY HDFC, Dr Reddy’s, JSW Steel; SELL InfoEdge India
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open higher today and we can expect markets to touch a new all-time high for NSE Nifty. Markets have been trading strong over the last few sessions and there is a possibility of correction at higher levels. US markets were closed on Monday and Asian markets have been trading mixed today.
Sukhani has suggested BUY Call for pharmaceutical major Dr Reddy's with a stop loss of Rs 5,230, target at Rs 5,420. Traders can initiate a BUY Trade for JSW Steel with a stop loss of Rs 700, target at Rs 725, as per Sukhani.
Sukhani has suggested BUY Call for financial services major HDFC with a stop loss of Rs 2,530, target at Rs 2,850.
Traders can SELL Naukri with a stop loss of Rs 4,420, target at Rs 4,260, 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.