Sudarshan Sukhani: BUY Bharat Forge, Apollo Hospitals, Indraprastha Gas; SELL McDowell
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets have been trading near their all-time highs for NSE Nifty and BSE Sensex. Markets are expected to open positive today but we could see selling pressure at higher levels. Stocks have witnessed a strong rally after the Union Budget and market participants are now looking forward to a correction. Before the budget was presented, markets were facing a steep correction but the announcements made in the budget changed market sentiment.
Sukhani has suggested BUY Trade for Apollo Hospitals with a stop loss of Rs 2,752, target at Rs 2,903 as the stock has been strong on technical charts. Sukhani has suggested BUY Trade for Bharat Forge with a stop loss of Rs 635, target at Rs 667.
Traders can BUY Indraprastha Gas with a stop loss of Rs 548, target at Rs 579, as per Sukhani.
Traders can SELL McDowell with a stop loss of Rs 593, target at Rs 517, 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.