Sudarshan Sukhani: SELL Marico, GSPL, Intellect Design; BUY PowerGrid

Sudarshan Sukhani: SELL Marico, GSPL, Intellect Design; BUY PowerGrid

Technical analyst Sudarshan Sukani has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to open lower today and we can witness selling pressure this week. US markets turned bearish after hawkish remarks from US FED Chair about interest rate hikes to tame inflation. Global market could see decline this week and investors will be waiting to find a point where markets can be termed as oversold and we could see stability afterwards.

Sukhani has suggested BUY Call for power sector PSU PowerGrid at current price for with a stop loss at Rs 223. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite.

Sukhani has suggested SELL Call for GSPL with a stop loss at Rs 245. The stock is looking weak on the charts.

Sukhani has suggested SELL Call for Intellect Design Arena with a stop loss at Rs 598. Traders can initiate a SELL Trade for FMCG counter Marico with a stop loss at Rs 521, 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.

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