Sudarshan Sukhani: BUY Bata India, Tech Mahindra, Divi’s Labs and HDFC Life
Technical analyst Sudarshan Sukhani has suggested four BUY Calls for the trading session and no SELL calls suggesting positive sentiment for today’s trading session. US markets closed positive on Friday and Asian markets have opened strong on Monday. As many regions across the world have eased restrictions on businesses, investors are putting money back in equities as some stocks are available at tempting valuations.
Sukhani suggests that traders can Buy Bata India with a stop loss of Rs 1,245, target at Rs 1,350. Other stock on Sukhani’s list is pharmaceutical company Divi’s Labs. Traders can Buy Divi's Labs with a stop loss of Rs 2,250, target at Rs 2,360
Sukhani is also positive about technology major Tech Mahindra today. Market expert Ashwani Gujral has also suggested BUY Call for Tech Mahindra. Traders can BUY Tech Mahindra with a stop loss of Rs 520, target at Rs 550. Sukhani has also suggested Buy Call for HDFC Life with a stop loss of Rs 510, target at Rs 532.
Indian markets are expected to open strong today and we could see markets scaling some immediate resistance levels for NSE Nifty. If markets are able to close above some crucial resistant levels, we could see some more strength in stocks. TopNews will review performance of trading calls by the end of the trading session.