Sudarshan Sukhani: BUY Indian Hotels, Eicher Motors, IPCA Labs; SELL REC
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive today and we could see NSE Nifty breaching major resistance levels during the trading session. Global cues are positive. US markets closed positive on Monday. Crude Oil prices have dropped in the recent days.
Sukhani has suggested BUY Call for Eicher Motors with a stop loss at Rs 3,131. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. Sukhani has suggested BUY Call for Indian Hotels at current levels with a stop loss at Rs 265. The stock is looking strong on the charts.
Sukhani has suggested BUY Call for PSU power counter REC with a stop loss at Rs 133.
Sukhani has suggested SELL Call for IPCA Labs with a stop loss at Rs 940.
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.