Sudarshan Sukhani: BUY Ashok Leyland, Lupin, HDFC AMC; SELL Dabur
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are trading in a narrow range over the last few sessions and we could see a flat opening today. Markets are lacking any major trigger. US markets closed positive on Monday and European markets could also see a positive trade today. Indian market closing would largely depend on trends in the European markets and US futures.
Sukhani has suggested BUY Call for Ashok Leyland at current price. Ashok Leyland has been having a consistent uptrend and could outperform the markets. Traders can BUY Ashok Leyland with Stop Loss under Rs 183. Sukhani doesn’t offer target for stocks and traders can keep their own target depending on risk appetite. Sukhani has suggested BUY Trade for HDFC AMC at current levels with Stop Loss at Rs 2450. The stock can offer decent returns in short time.
Sukhani has suggested BUY Call for pharmaceutical major Lupin at current price for with Stop Loss at Rs 1060. The stock has been in uptrend and has given a positive breakout.
Sukhani has suggested SELL Call for Dabur at current price with Stop Loss at Rs 560. Dabur has been suggested as SELL Trade by market expert Mitessh Thakkar today.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.