Sudarshan Sukhani: BUY Bajaj Auto, Bharat Forge, Asian Paints; SELL HDFC Life
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly positive but we could witness selling pressure at higher levels. US markets closed positive on Wednesday with Dow Jones gaining nearly one percent by the end of the trading session.
Sukhani has suggested Buy Call for Asian Paints with a stop loss of Rs 1,770, target at Rs 1,835. The stock is looking strong on the charts after consolidating at the lower levels.
Sukhani has suggested BUY trade for Bharat Forge with a stop loss of Rs 409, target at Rs 484. Among automobile stocks, Bajaj Auto is on Sukhani’s radar for the trading session. Traders can Buy Bajaj Auto with a stop loss of Rs 2,980, target at Rs 3,110.
Sukhani has suggested SELL call for HDFC Life with a stop loss of Rs 624, target at Rs 578.
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.