Sudarshan Sukhani: BUY Britannia Industries, Divis Labs; SELL Max Financial and Maruti Suzuki
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today and we could see stock specific action in today’s session. Indian markets are looking forward to next big trigger and currently, the markets are expected to remain in a narrow range. US markets are showcasing strength as US Federal Reserve rate hikes have been factored in by market participants and economy is still looking strong. Inflation could be a concern but it has been coming down over the last few months. Indian markets have bullish undertones but trends depend on global market sentiment.
Sukhani has suggested BUY Call for FMCG major Britannia Industries at current level with a stop loss at Rs 4,700. Sukhani doesn’t offer target price for stocks. Traders can choose their own target depending on risk appetite. Sukhani has suggested BUY Call for Divi’s Laboratories at current levels with a stop loss at Rs 3,650. The stock is looking strong on the charts and can offer decent returns in short term.
Sukhani has suggested SELL Call for automobile major Maruti Suzuki at current levels with a stop loss at Rs 9,470. Sukhani has suggested SELL Trade for Max Financial at current price with a stop loss at Rs 785.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.