Sudarshan Sukhani: BUY Cipla, ACC, Tech Mahindra and SELL CESC
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL call for traders today. Indian markets are expected to open strong and we can expect a strong close. Indian markets were closed on Monday and Dow Jones closed flat on Monday. Asian markets have been trading strong as many economies have opened up in the recent days.
Sukhani suggests traders to initiate a BUY trade in cement major ACC. Traders can BUY ACC with a stop loss of Rs 1,200, target at Rs 1,270. Cement companies are in focus as construction activity has started after the government lifted lockdown in many regions.
Other stock on Sukhani’s list is pharmaceutical major CIPLA that has been in focus for the last few trading sessions. Cipla is trading near its 52-week high and seeing the buying patterns in Cipla, the stock is very strong on the technical charts. Traders can Buy Cipla with a stop loss of Rs 620, target at Rs 655. We could expect new 52-week high for Cipla.
Sukhani has also suggested Buy call for Tech Mahindra with a stop loss of Rs 515, target at Rs 545. For the trading session Sukhani’s only SELL call is for CESC. Traders can Sell CESC with a stop loss of Rs 560, target at Rs 540.
Please keep strict stop loss for all the trades. Markets are highly volatile and change in market sentiment can lead to major losses in case stop loss is not used. TopNews will review trading call performance for Sudarshan Sukhani by the end of the trading session.