Sudarshan Sukhani: BUY Ambuja Cement; SELL M&M, Bharti Airtel and ITC
Technical analyst Sudarshan Sukhani has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to open positive and the mood on the street is bullish. Indian markets have registered 10 days of gains and many stocks have touched their 52-week highs in the recent trading sessions.
Sukhani has suggested BUY Call for cement major Ambuja Cement as the stock is looking strong on the technical charts. Traders can Buy Ambuja Cement with a stop loss of Rs 238, target at Rs 269, as per Sukhani.
Sukhani has suggested three SELL Calls for today’s session. Traders can Sell FMCG major ITC with a stop loss of Rs 173, target at Rs 156, as per Sukhani. Trader can initiate a Sell trade for automobile major Mahindra & Mahindra with a stop loss of Rs 633, target at Rs 600.
Sukhani has also suggested SELL Call for telecom major Bharti Airtel with a stop loss of Rs 418, target at Rs 407.
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.