Sudarshan Sukhani: BUY Cadila Healthcare, Piramal Enterprises; SELL Britannia and Ramco Cement
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today and we can expect markets to witness selling pressure. US markets closed negative yesterday after Dow Jones crossed 35,000 level for the first time. Nasdaq also closed down as technology stocks witnessed selling pressure.
Sukhani has suggested BUY trade for pharmaceutical major Cadila Healthcare with a stop loss of Rs 616, target at Rs 635. Traders can initiate a BUY Trade for PEL with a stop loss of Rs 1,680, target at Rs 1,745, as per Sukhani.
Sukhani has suggested SELL Trade for cement counter Ramco Cement with a stop loss of Rs 962, target at Rs 938. FMCG major Britannia is looking weak on the charts. Sukhani has suggested SELL Call for Britannia with a stop loss of Rs 3,450, target at Rs 3,375.
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.