Sudarshan Sukhani: BUY Dabur, Havells India; SELL Glenmark Pharma and Trent
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today and we can expect rangebound trading session. Selling pressure can be witnessed in many stocks as there are many stocks currently at high valuations. US and European market trends on Friday were mixed.
Sukhani has suggested BUY Call for Havells India for a target of Rs 1,495 with a stop loss at Rs 1,455. Among FMCG companies, Dabur is on Sukhani’s radar. Traders can BUY Dabur for a target price of Rs 663 with a stop loss at Rs 647, as per Sukhani.
Sukhani has suggested SELL Trade for Trent for a target price of Rs 970 with a stop loss at Rs 992. Pharmaceutical counter Glenmark is looking weak on the charts. Sukhani has suggested SELL Trade for Glenmark for a target of Rs 512 with a stop loss at Rs 526.
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.