Sudarshan Sukhani: BUY Bharat Forge, CoForge, Dr Lal PathLabs; SELL DLF
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets have been trading around their all-time highs but some market participants are expecting a correction in the markets. Positive global sentiment has kept stock valuations higher for the last few weeks. Any correction has been short and bulls have charged back to push valuations even higher. Indian markets are expected to open flat today and we can expect range-bound trade.
Sukhani has suggested BUY Call for Dr Lal Pathlabs with a stop loss of Rs 3,240, target at Rs 3,320. Traders can initiate BUY Trade for Coforge with a stop loss of 4,100, target at Rs 4,240, as per Sukhani. The stock is looking strong on the charts.
Sukhani has suggested BUY Trade for Bharat Forge with a stop loss of Rs 755, target at Rs 771.
Traders can SELL real estate developer DLF with a stop loss of Rs 285, target at Rs 275, as per Sukhani. Real estate companies could face pressure in the coming weeks as valuations seem higher compared to their performance.
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.