Sudarshan Sukhani: BUY Bank of Baroda, AU Small Finance, Manappuram; SELL CoForge
Technical Analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today but we might see a range-bound session today as markets could recover during the afternoon trade. US markets closed positive on Wednesday. Indian markets are looking forward to future direction based on cues from international markets. There isn’t any major upcoming event in the Indian markets and quarterly results were largely positive.
Sukhani has suggested BUY Call for private sector lender AU Small Finance Bank with a stop loss at Rs 675. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. The stock is looking strong at current levels. Market expert Varun Dubey has also suggested BUY Call for AU Small Finance Bank.
Sukhani has suggested BUY Call for public sector banking major Buy Bank of Baroda with a stop loss at Rs 121. Sukhani has suggested BUY Trade for gold finance counter Manappuram with a stop loss at Rs 100. The stock is looking strong on the charts.
Sukhani has suggested SELL Call for technology counter Coforge with a stop loss at Rs 3,735. 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.