Sudarshan Sukhani: BUY ACC; SELL Pidilite, Bajaj Finserv and Titan
Technical analyst Sudarshan Sukhani 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 expect a range-bound session with decline. Markets witnessed a strong rally last week and this week we can expect markets to consolidate. The decline in US markets is leading to negative sentiment across the world. NSE Nifty could test major support levels in today’s trade.
Sukhani has suggested only one BUY Call for cement major ACC. The stock is looking strong on technical charts. Traders can BUY ACC with a stop loss at Rs 2,050, as per Sukhani. 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 financial services major Bajaj Finserv with a stop loss at Rs 11,800. Traders can initiate a SELL Trade for Pidilite Industries with a stop loss at Rs 2,140, as per Sukhani.
Sukhani has suggested SELL Call for Titan with a stop loss at Rs 2,022. The stock is looking weak on the charts.
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.