Sudarshan Sukhani: BUY Bajaj Auto, Escorts, HDFC Life; SELL Coal India
Technical analyst Sudarshan Sukhani has suggested three BUY calls and one SELL call for the trading session. Asian markets are trading mixed and Indian market is expected to remain range-bound for the trading session. The number of COVID-19 infections has been rising in India but many cities have already opened and started operating non-essential services. Automobile companies have also started production with limited staff. Maruti Suzuki informed yesterday that its dealerships will open and the staff will be extra careful about all the requirements laid down by authorities.
Sukhani suggests Buy trade for automobile major Bajaj Auto with a stop loss of Rs 2,400, target at Rs 2,560. Other stock on Sukahni’s list is automobile major Escorts. Market expert Ashwani Gujral has also suggested a BUY for Mahindra & Mahindra for today. Sukhani has recommended Buy for Escorts with a stop loss of Rs 690, target at Rs 745.
Sukhani has also suggested a Buy CALL HDFC Life with a stop loss of Rs 480, target at Rs 505.
For PSU company Coal India, Sukhani and Ashwani Gujral have sell call for the trading session. Traders can Sell Coal India with a stop loss of Rs 137, target at Rs 129, as per Sukhani.
TopNews will review the performance of the calls by the end of trading session. Please keep strict stop loss for all the trades.