Sudarshan Sukhani: BUY Axis Bank, Astral; SELL Tata Chemicals and Dabur India
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets could see a gap-up opening today as Global and Asian cues are strong. Indian markets are expected to see a recovery session today and we can witness an across the board rally. However, there could be stock specific action as well because of the quarterly results.
Sukhani has suggested BUY Call for private banking major Axis Bank with a stop loss of Rs 770. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. Axis Bank and many other private banking counters are looking strong on the charts. Traders can initiate a BUY Trade for Astral with a stop loss of Rs 2,150, as per Sukhani.
Sukhani has suggested SELL Call for Tata Chemicals with a stop loss of Rs 965. Traders can initiate a SELL Trade for FMCG major Dabur India with a stop loss of Rs 560.
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.