Sudarshan Sukhani: BUY Bandhan Bank, Reliance, Sun Pharma, Muthoot Finance; SELL IEX

Sudarshan Sukhani: BUY Bandhan Bank, Reliance, Sun Pharma, Muthoot Finance; SELL IEX

Technical analyst Sudarshan Sukhani has suggested four BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat with negative bias. Markets have been trading firm for the last few sessions and we could see selling in today’s trade. Asian markets were trading mixed this morning.

Sukhani has suggested medium term BUY Call for Reliance Industries considering strong fundamentals of the stock. While Reliance could see small declines, the overall trend remains positive for the stock, as per Sukhani.

Sukhani has suggested BUY Call for gold finance major Muthoot Finance with a stop loss at Rs 1,034. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. Traders can initiate a BUY Call for pharmaceutical counter Sun Pharma with a stop loss at Rs 862.

Sukhani has suggested BUY Call for Bandhan Bank with a stop loss at Rs 278. The stock is looking strong on the charts.

Sukhani has suggested SELL Call for Indian Energy Exchange with a stop loss at Rs 165. The stock is looking weak on the charts.

All trades should be carried out with strict Stop Loss. In case the trade doesn’t happen as per expectations, it is good to exit the trade if the call is in profit. TopNews will review performance of trading calls by the end of the trading session.

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