Sudarshan Sukhani: BUY Cipla, BEL; SELL M&M Financial and LIC Housing Finance
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 and there will be high volatility in today’s session. The overall outlook is negative and the direction of markets will largely depend on global trends. Indian markets are technically looking weak in the short term.
Sukhani has suggested BUY Call for BEL with a stop loss at Rs 192. Among pharmaceutical counters, Cipla is on Sukhani’s radar. Traders can initiate a BUY trade for Cipla with a stop loss at Rs 890, as per Sukhani.
Sukhani has suggested SELL Trade for LIC Housing Finance with a stop loss at Rs 345. Traders can initiate a SELL Trade for M&M Financial with a stop loss at Rs 150, 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.