Sudarshan Sukhani: BUY Asian Paints, BalKrishna Industries; SELL UPL and PVR Inox
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trade. Indian markets are expected to open positive today and we can see buying at lower levels. US markets closed mixed on Wednesday. The markets can witness selling pressure at higher levels. We can also expect stock specific action in today’s trade.
Sukhani has suggested BUY Call for Asian Paints at current price with Stop Loss Rs 3,300. Sukhani doesn’t offer price target and traders can decide their own target depending on risk appetite.
Sukhani has suggested intraday SELL Call for PVR Inox with Stop Loss at Rs 1,400. Sukhani has suggested SELL Call for UPL at current price with Stop Loss at Rs 685. The stock is looking weak on the charts.
Sukhani has suggested BUY Call for industrial and farming equipment tyre manufacturer Balkrishna Industries with Stop Loss at Rs 2,300.
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.