Sudarshan Sukhani: BUY Apollo Hospitals, IndiGo, Havells India and SELL Zee
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open strong on Monday and we could see markets touching new highs (after the COVID-19 selling in March 2020) this week. Quarterly results have been positive so far without any major negative surprises. Markets will reward companies that announce good quarterly performance.
Sukhani has suggested BUY Call for electric wires and equipment maker Havells India with a stop loss of Rs 687, target at Rs 710. Traders can initiate a BUY Trade in Apollo Hospitals with a stop loss of Rs 2,180, target at Rs 2,250. Apollo Hospitals is looking strong the charts and the stock has managed to break major resistance levels recently.
Sukhani has suggested BUY Call for the largest local aviation player IndiGo with a stop loss of Rs 1,310, target at Rs 1,360.
Traders can SELL Zee with a stop loss of Rs 178, target at Rs 171, 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.