Sudarshan Sukhani: BUY Balkrishna Industries, Exide; SELL Bharti Infratel and Mintree
Technical analyst Sudarshan Sukhani has suggested two BUY calls and two SELL calls for traders in today’s trading session. Indian markets are expected to remain range-bound for today’s trade. As global markets have witnessed slightly positive close for the last few trading sessions, the undertone of the market is still full of panic. Investors and market analysts are waiting for more clarity on coronavirus pandemic.
Sudarshan Sukhani suggests SELL for Bharti Infratel with a stop loss of Rs 175, target at Rs 161. Another stock on Sukhani’s sell list for the day is MindTree. Technology companies have not witnessed as bad the carnage in the stock markets during the last few weeks. The economic impact of coronavirus is still not clear. Sukhani suggests traders to initiate as Sell trade in MindTree with a stop loss of Rs 770, target at Rs 740.
Commercial and farm tyres maker Balkrishna Industries is on BUY list of technical expert Sudarshan Sukhani for today. Traders should keep strict stop loss as markets can turn volatile due to trends in the global markets. Sukhani suggests Buy Call for Balkrishna Industries with a stop loss of Rs 920, target at Rs 960.
Automobile battery maker Exide is also on Sukani’s BUY list for the day. Traders can Buy Exide Industries with a stop loss of Rs 140, target at Rs 150.