Sudarshan Sukhani: BUY Bata India, Larsen & Toubro, ICICI Prudential; SELL Eicher Motors
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open strong today and we can expect NSE Nifty to breach its major resistance levels in today’s trade. US markets closed with impressive gains on Friday and sentiment in the global markets is positive. Asian markets have been trading positive this morning.
Sukhani has suggested BUY Call for financial services provider ICICI Prudential with a stop loss of Rs 553, target at Rs 570. Traders can initiate a BUY Trade for Bata India with a stop loss of Rs 1,370, target at Rs 1,410.
Among infrastructure stocks, Larsen & Toubro looks strong on the charts. Traders can BUY L&T with a stop loss of Rs 1,395, target at Rs 1,435, as per Sukhani.
Sukhani has suggested SELL Trade for automobile major Eicher Motors with a stop loss of Rs 2,450, target at Rs 2,365.
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.