Sudarshan Sukhani: BUY Abbott India, Whirlpool, MCX; SELL SAIL
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets closed positive last week, mainly supported by rally in global markets. NSE Nifty closed above its major resistance levels and we can expect markets to have a positive bias this week. The markets will still depend on the trends in the global markets but today’s session could be volatile. Traders can expect selling pressure at higher levels and we can witness a range-bound session today.
Sukhani has suggested BUY Call for pharmaceutical counter Abbott India with a stop loss below Rs 17,000. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite.
Traders can initiate a BUY Trade for consumer goods company Whirlpool with a stop loss below Rs 1,590, as per Sukhani. MCX is looking strong on the charts. Sukhani has suggested BUY Call for MCX with a stop loss below Rs 1,390.
Sukhani has suggested SELL Call for PSU steel major SAIL with a stop loss above Rs 100.
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.