Sudarshan Sukhani: BUY Apollo Hospitals, Divi’s Labs, HCL Technologies; SELL BPCL
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive but we could see selling pressure at higher levels. After last week’s correction, Indian markets have been trading strong over the last few trading sessions. While technology and pharmaceutical stocks have been touching fresh highs, there are many stocks that are looking overvalued at the current levels. RBI will announce monetary policy today.
Sukhani has suggested BUY Call for technology major HCL Tech with a stop loss of Rs 840, target at Rs 860. HCL Technologies and many other technology stocks are looking strong on the technical charts.
Sukhani has suggested BUY Trade for pharmaceutical counter Divi's Labs with a stop loss of Rs 3,180, target at Rs 3,290. Traders can initiate a BUY Trade in Apollo Hospitals with a stop loss of Rs 2,195, target at Rs 2,346.
Sukhani has suggested SELL Call for oil PSU BPCL with a stop loss of Rs 345, target at Rs 335.
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.