Sudarshan Sukhani: BUY Biocon, Cummins India; SELL TVS Motor and Piramal Enterprises
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets registered impressive gains in yesterday’s session but market experts believe that today we could see decline in the markets. Asian stocks have been trading negative today and US Stocks closed lower yesterday. Markets could see selling pressure and we can expect NSE Nifty to take support from lower levels.
Sukhani has suggested BUY trade for engineering major Cummins India with a stop loss of Rs 890, target at Rs 910. Biotechnology major Biocon is on Sukhani’s buying list for the day. Traders can BUY Biocon with a stop loss of Rs 403, target at Rs 414, as per Sukhani.
Sukhani has suggested SELL Trade for automobile major TVS Motor Company with a stop loss of Rs 580, target at Rs 568. Traders can initiate a SELL Trade for Piramal Enterprises with a stop loss of Rs 1,785, target at Rs 1,740, 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.