Rahul Mohindar: BUY Sun Pharma, Jubilant FoodWorks; SELL HDFC Bank and ONGC
Market analyst Rahul Mohindar has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets gained during early session on Tuesday but by the end of the trading day, markets ended negative. While US and European markets have been strong on Wednesday, Indian markets are still facing tough times due to rising COVID-19 cases and fear of lockdowns. Markets can witness strength in today’s session but selling pressure would be evident in majority of index stocks.
Mohindar has suggested SELL Trade for energy major ONGC with a stop loss of Rs 106, target at Rs 96. Among private banking stocks, HDFC Bank is on Mohindar’s selling list for the day. Traders can SELL HDFC Bank with a stop loss of Rs 1,420, target at Rs 1,340, as per Mohindar.
Mohindar has suggested BUY trade for Jubilant FoodWorks with a stop loss of Rs 2,750, target at Rs 3,070. Pharmceutical stocks have been gaining ground in the recent trading sessions. Mohindar has suggested BUY Call for Sun Pharma with a stop loss of Rs 620, target at Rs 680.
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.