Sudarshan Sukhani: BUY Adani Enterprises, Tata Consumer, Indian Hotels and PI Industries
Technical analyst Sudarshan Sukhani has suggested four BUY Calls and no SELL Call for today’s trading session, indicating a bullish outlook for Indian markets. US and European markets registered strong performance on Wednesday even as US Federal Reserve raised interest rates by 25 basis points. US FED announced that there could be six more rate hikes during the year to control inflations. Indian markets are expected to open strong today.
Sukhani has suggested BUY Call for FMCG major Tata Consumer with a stop loss at Rs 740. 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 1,718, as per Sukhani. PI Industries is looking good at current levels. Sukhani has suggested BUY Call for PI Industries with a stop loss at Rs 2,662.
Traders can initiate a BUY Call for Indian Hotels with a stop loss at Rs 201, 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.