Sudarshan Sukhani: BUY Bandhan Bank, Infosys, Marico; SELL Cholamandalam Finance
Technical analyst Sudarshan Sukhani has suggested three BUY calls and just one SELL call for today’s trade. Indian markets are expected to open slightly positive on Tuesday and we can see a range-bound trading session. Indian markets have witnessed strength in the recent trading sessions and going forward, we would need strong triggers for markets to cross major resistance at 10,300 levels.
Traders can BUY FMCG major Marico with a stop loss of Rs 326, target at Rs 340 as per Sukhani. Despite the lockdowns and COVID-19 related issues, Marico has registered strong results. The company is launching new products during the current quarter and it has managed to improve its market share in the segments it operates in. Other stock on Sukhani’s buying list for the day is technology sector leader Infosys Technologies. Sukhani has suggested BUY call for Infosys with a stop loss of Rs 710, target at Rs 735.
Sukhani has also suggested BUY call for small private sector bank Bandhan Bank. Traders can BUY Bandhan Bank with a stop loss of Rs 256, target at Rs 272.
Sukhani has suggested SELL call for Cholamandalam Finance. Traders can SELL Cholamandalam Finance with a stop loss of Rs 153, target at Rs 141. Indian markets are expected to remain range-bound and we could see selling at higher levels. Traders should keep strict Stop Loss for all the trades.