Sudarshan Sukhani: BUY Berger Paints, Godrej Properties; SELL Jubilant FoodWorks and Dixon Technologies
Technical expert Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for short term investors and traders. Indian markets are expected to open negative today and we can witness further selling in the markets. The support for NSE Nifty is seen at 19650 and 19600 levels. The trend in markets would also depend on the opening of European markets and US futures. Indian markets have been trading firm for the last few weeks with little correction. Many market participants are looking forward to a healthy correction and this could lead to fresh buying at lower levels. The overall trend in Indian markets is positive.
Sukhani has suggested BUY Call for Berger Paints at current levels with a stop loss at Rs 675. Sukhani doesn’t offer target price for stocks and traders can decide their own target depending on risk appetite. Berger Paints is looking strong on the charts. Sukhani has suggested BUY Call for Godrej Properties at current levels with a stop loss at Rs 1,580. The stock has recently given a positive breakout and could offer more returns to traders.
Sukhani has suggested SELL Call for Dixon Technologies at current price with a stop loss at Rs 4,275. Sukhani has suggested SELL Call for Jubilant Foodworks at current levels with a stop loss at Rs 477.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.