Sudarshan Sukhani: BUY Bajaj Finserv, Tata Power; SELL Granules India and ICICI Prudential
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today and we could see positive trade during the session as global market sentiment has improved after US technology giants Microsoft and Google reported strong quarterly numbers. US futures is looking strong after drifting over the last few sessions. Indian markets could remain range-bound today but bias should be positive. Markets are still looking for clear global cues.
Sukhani has suggested BUY Call for Bajaj Finserv at current price keeping a Stop Loss at Rs 1270. Sukhani doesn’t offer price target for stocks. Traders can decide their own target price based on their risk profile. Bajaj Finserv can offer decent returns in short term and the stock can offer a nice breakout from current levels. Sukhani has suggested BUY Call for Tata Power at current levels with Stop Loss at Rs 192. The stock is looking strong on the charts and has witnessed decline over the last few sessions.
Sukhani has suggested SELL Call for cement major Granules India at current price with Stop Loss at Rs 310. The stock is looking weak on the charts.
Sukhani has suggested SELL Call for ICICI Prudential at current price keeping Stop Loss at Rs 450.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.