Sudarshan Sukhani: BUY Apollo Hospitals, Siemens and BPCL; SELL Astral
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trade. Indian markets are expected to open flat today and we can see witness stock specific moves in the markets. Indian markets are hovering around their all-time highs and waiting for next trigger. While many market participants are looking forward to a correction, some are still having bullish outlook. The quarterly results season is ongoing and we can expect markets to take direction depending on the performance of companies. US markets closed positive on Tuesday and European stocks were also slightly positive yesterday.
Sukhani has suggested BUY Call for Apollo Hospitals at current price with Stop Loss at Rs 5,000. Sukhani doesn’t offer price target and traders can decide their own target depending on risk appetite. Sukhani has suggested BUY Call for PSU energy major BPCL at current price with Stop Loss at Rs 380. The stock is looking weak on the charts.
Sukhani has suggested Long Term BUY Call for engineering major Siemens at current levels with Stop Loss at Rs 3,650. The stock is fundamentally strong and can be added to portfolio on declines. Sukhani feels that Siemens has potential of offering good returns to medium and long term investors.
Sukhani has suggested intraday SELL Call for Astral with Stop Loss at Rs 1,810. The stock is looking weak on technical charts and we can expect decline in today’s session.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.