Sudarshan Sukhani: BUY Adani Enterprises, Ashok Leyland; SELL JK Cement and IndusInd Bank
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to witness selling pressure today as yesterday we saw a strong pullback rally. We can see NSE Nifty losing some of the gains made yesterday as Asian markets were trading lower this morning.
Sukhani has suggested BUY Call for commercial automobile major Ashok Leyland with a stop loss at Rs 130. 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 Adani Enterprises with a stop loss at Rs 2,060. The stock is looking strong on the charts.
Sukhani has suggested SELL Trade for private banking counter IndusInd Bank with a stop loss at Rs 810. Traders can SELL JK Cement with a stop loss at Rs 2,078, as per Sukhani.
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.