Sudarshan Sukhani: BUY Sun TV, Piramal Enterprises; SELL Amara Raja Batteries and Cummins India
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets have been trading positive over the last few trading sessions but we can expect selling pressure today as global markets have turned weak. NSE Nifty could open more than 150 points lower in today’s trade and we can expect selling pressure in select counters. Markets could recover only if European markets open positive.
Sukhani has suggested BUY Call for Piramal Enterprises with a stop loss of Rs 2,200, target at Rs 2,285. Traders can BUY South India broadcaster Sun TV with a stop loss of 543, target at Rs 560, as per Sukhani.
Sukhani has suggested SELL trade for Amara Raja Batteries with a stop loss of Rs 756, target at Rs 740. The stock is looking weak on the charts. Sukhani has suggested SELL Trade for Cummins with a stop loss of Rs 841, target at Rs 823.
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.