Sudarshan Sukhani: BUY Apollo Hospitals, Larsen & Toubro, Tech Mahindra; SELL Godrej Properties
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. US and European markets closed positive yesterday and Asian stocks have been trading positive this morning. Indian markets are expected to trade firm today but we can expect selling pressure at higher levels. Nasdaq and S&P 500 touched all time high in yesterday’s trading session and US markets closed slightly positive. Global market mood is positive and Indian stocks can continue with the gains registered in yesterday’s trade.
Sukhani has suggested BUY Call for infrastructure major Larsen & Toubro with a target price of Rs 1,635 with a stop loss of Rs 1,585. Traders can initiate a BUY trade for Apollo Hospitals for a target price of Rs 4,900 with a stop loss of Rs 4,800, as per Sukhani.
Sukhani has suggested BUY Call for technology major Tech Mahindra for a target price of Rs 1,480 with a stop loss of Rs 1,450.
Traders can SELL Godrej Properties for a target price of Rs 1,430 with a stop loss of Rs 1,480, 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.