Sudarshan Sukhani: BUY Bajaj Auto, Cadila Healthcare; SELL UBL and Shriram Transport
Technical analyst Sudarshan Sukhani has suggested two BUY calls and two SELL calls for traders. Indian markets are expected to open positive today as US markets closed strong on Wednesday. Asian stocks have been trading positively today and Indian markets have momentum from yesterday’s trading session. We can expect markets to open strong and trade positive for today’s session.
Sukhani has suggested traders to initiate a BUY trade in automobile major Bajaj Auto as many automobile companies have started their operations under strict control after COVID-19 lockdowns. Traders can Buy Bajaj Auto with a stop loss of Rs 2,450, target at Rs 2,650 as per Sukhani.
Other stock on Sukani’s buying list for the day is pharmaceutical major Cadila Healthcare. Traders can Buy Cadila Health with a stop loss of Rs 326, target at Rs 346.
Sukhani feels that Shriram Transport is looking weak on the charts. Traders can Sell Shriram Transport with a stop loss of Rs 600, target at Rs 550. Sudarshan Sukhani has also suggested SELL trade for UBL with a stop loss of Rs 900, target at Rs 850.
Markets are volatile and all trades should be carried out with strict stop loss. TopNews will review performance of trading calls by the end of the trading session.