Sudarshan Sukhani: BUY Bata India, Bajaj Finance, TCS; SELL Glenmark
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open strong today but we can expect selling pressure at higher levels. US Markets closed positive on Monday and Asian stocks have been trading firm this morning. NSE Nifty and BSE Sensex are hovering around their all-time highs and many stocks are at an elevated valuation. Some market participants are waiting for a correction in stocks.
Sukhani has suggested BUY Call for private financial services major Bajaj Finance for a target price of Rs 7,600 with a stop loss at Rs 7,350. Traders can BUY Bata India for a target price of Rs 1,800 with a stop loss at Rs 1,750, as per Sukhani.
Sukhani has suggested BUY Trade for technology major TCS for a target price of Rs 3,920 with a stop loss at Rs 3,800. Technology companies have shown strong performance during COVID-19 pandemic and stock valuations have remained strong.
Sukhani has suggested SELL Trade for pharmaceutical counter Glenmark for a target of Rs 510 with a stop loss at Rs 525.
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.