Sudarshan Sukhani: BUY Berger Paints, Apollo Hospitals, Mahindra & Mahindra; SELL SBI Life
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets have been hovering around their all-time highs for NSE Nifty and BSE Sensex. Market bulls are in total control as markets have been inching higher with every session in the recent weeks. Markets are due for a healthy correction but fund inflows have been supporting stocks in the major indices.
Sukhani has suggested BUY Call for Apollo Hospitals with a stop loss of Rs 2,401, target at Rs 2,508. Apollo Hospitals is technically strong and the stock has recently touched 52-week highs. This stock can offer additional returns in near term.
Sukhani has suggested BUY Trade for Berger Paints with a stop loss of Rs 657, target at Rs 703. Automobile major Mahindra & Mahindra is also on Sukhani’s radar for the trading session. Automobile companies are expecting strong sales as economic activity has been showing signs of fast recovery. Traders can BUY Mahindra & Mahindra with a stop loss of Rs 742, target at Rs 773, as per Sukhani.
Sukhani has suggested only one SELL Call for today’s session. Traders can SELL SBI Life Insurance with a stop loss of Rs 865, target at Rs 819, as per Sukhani.
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.