Sudarshan Sukhani: BUY Axis Bank, Hindustan Unilever; SELL Strides Pharma, Mahindra & Mahindra
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets have been hovering around their all-time highs during the last few weeks and market participants are waiting for a correction in stocks. The global sentiment has turned negative and we can expect selling pressure in Indian equities today.
Sukhani has suggested BUY Call for private banking major Axis Bank for a target price of Rs 810 with a stop loss at Rs 785. Other stock on Sukhani’s radar for the trading session is FMCG major Hindustan Unilever. Traders can BUY Hindustan Unilever for a target price of Rs 2,840 with a stop loss at Rs 2,770, as per Sukhani.
Sukhani has suggested SELL Trade for automobile major Mahindra & Mahindra for a target price of Rs 745 with a stop loss at Rs 763. Traders can initiate a SELL Trade for pharmaceutical counter Strides Pharma for a target price of Rs 589 with a stop loss at Rs 602, 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.