Sudarshan Sukhani: BUY Bajaj Auto, NTPC, Can Fin Homes; SELL Godrej Consumer Products
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 sustained buying in today’s session. US markets registered strong move on Tuesday and we can expect global markets to remain positive for today’s session. Indian markets will have stronger moves for NSE Nifty above 19400 levels.
Sukhani has suggested BUY Call for automobile major Bajaj Auto at current levels with a stop loss at Rs 4,575. Sukhani doesn’t offer target for stocks and traders can keep their own target depending on risk appetite. Bajaj Auto is looking strong at current levels.
Sukhani has suggested BUY Call for Can Fin Homes at current levels with a stop loss at Rs 725. Traders can BUY NTPC at current levels with Stop Loss at Rs 214, as per Sukhani.
Sukhani has suggested SELL Call for Godrej Consumer Products at current levels with a stop loss at Rs 1,030. The stock is looking weak on the charts.
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.