Sudarshan Sukhani: BUY Biocon, Kotak Mahindra Bank, Asian Paints and Larsen & Toubro
Technical analyst Sudarshan Sukhani has suggested four BUY Calls and no SELL Calls for today’s trade, suggesting a bullish outlook for Indian markets. After a strong week, markets are looking forward to touching another lifetime high for BSE Sensex and NSE Nifty this week. We can expect strong opening for markets today but market experts aren’t ruling out possibility of a correction in the markets.
A correction is long overdue and we could witness selling pressure in many blue-chip stocks. Many market experts believe that markets will offer an opportunity for a buy on declines in many counters.
Sukhani has suggested BUY Trade for infrastructure major Larsen and Toubro with a stop loss of Rs 1,172, target at Rs 1,233.
Sukhani has suggested BUY Trade for Asian Paints with a stop loss of Rs 2,493, target at Rs 2,569 as the stock is looking strong on the charts.
Sukhani has suggested BUY Call for Biocon with a stop loss of Rs 445, target at Rs 476.
Among private sector banks, Sukhani has Kotak Mahindra Bank on his radar. Traders can initiate a BUY Trade for Kotak Mahindra Bank with a stop loss of Rs 1,887, target at Rs 1,978, 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.