Sudarshan Sukhani: BUY Bharat Forge, SBI Cards; SELL Asian Paints and Britannia
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today and we can witness a range-bound session with positive bias. US markets closed the year 2022 with decline with Nasdaq trading near its yearly low during December. The market sentiment is bearish as market participants are concerned about imminent recession and US Federal Reserve raising interest rates to keep inflation under control.
Sukhani has suggested BUY Call for Bharat Forge at current price with a stop loss at Rs 870. The stock is looking strong on the charts. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. Sukhani has suggested BUY Call for SBI Card at current levels with a stop loss at Rs 790. The stock is fundamentally strong and could offer positive surprise for short term investors.
Sukhani has suggested SELL Call for Asian Paints at current levels with a stop loss at Rs 3,090.
Sukhani has suggested SELL Call for FMCG major Britannia at current price with a stop loss at Rs 4,380.
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.