Sudarshan Sukhani: BUY Ambuja Cement, BHEL and Petronet LNG; SELL ICICI General Insurance
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today and we could see buying at lower levels. Indian markets are looking forward to global markets for future direction but the global cues have been mostly confusing. US markets are volatile and based on news, the market participants get positive or negative on the future. However, main issues are imminent recession and high inflation. Indian markets are looking positive and quarterly results will be leading to stock specific action in Indian markets.
Sukhani has suggested BUY Call for cement major Ambuja Cement with a stop loss of Rs 513. The stock is looking strong on the charts. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. Sukhani has suggested BUY Call for Bharat Heavy Electricals (BHEL) at current levels with a stop loss of Rs 78.
Sukhani has suggested SELL Call for ICICI General Insurance at current levels with a stop loss of Rs 1,235.
Sukhani has suggested BUY Call for Petronet LNG with a stop loss of Rs 216.
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.