Sudarshan Sukhani : BUY Axis Bank; SELL Godrej Consumer and Mahanagar Gas
Technical analyst Sudarshan Sukhani has suggested one BUY Call and two SELL Calls for today’s trading session. Indian markets have been trading firm over the last three trading sessions but we can expect a flat opening today. US markets closed negative on Monday and European stocks were also trading lower. Asian markets were trading mixed this morning. Market participants are waiting for quarterly results and we can expect stock specific action this month.
Sukhani has suggested SELL Call for Godrej Consumer with a stop loss at Rs 1,029. The target hasn’t been specified for this trade but Godrej Consumer is looking weak on the charts. Sukhani has suggested SELL Trade for Mahanagar Gas with a stop loss at Rs 1,076.
Sukhani has suggested BUY Call for private banking major Axis Bank. Traders can BUY Axis Bank with a stop loss at Rs 774 for a short term target of Rs 900.
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.