Sudarshan Sukhani: BUY Coal India, AU Small Finance; SELL IEX and Marico

Sudarshan Sukhani: BUY Coal India, AU Small Finance; SELL IEX and Marico

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 we can witness selling pressure in blue-chip counters. Markets have been trading low for the last three trading sessions and US markets closed negative for the last three sessions. After last week’s strong performance, markets are looking weak at the moment.

Sukhani has suggested BUY Call for AU Small Finance Bank with a stop loss at Rs 835. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. The stock is looking strong on the charts. Sukhani has suggested BUY Call for Coal India with a stop loss at Rs 213.

Sukhani has suggested SELL Call for Sell Indian Energy Exchange with a stop loss at Rs 160. Traders can initiate a SELL Trade for FMCG counter Marico with a stop loss at Rs 518, 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.

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