Sudarshan Sukhani: BUY Coal India; SELL Cipla, Tata Power and Delta Corp
Technical analyst Sudarshan Sukhani has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to open lower today, tracking global market trends. US and European markets closed negative on Monday. Last week proved to be one of the best in the recent times for market bulls. However, market participants were expecting small decline before we could have a clear direction for the markets. Indian markets are expected to trade lower today and we could see a range-bound trading session.
Sukhani has suggested SELL Call for pharmaceutical counter Cipla at current price. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite.
Traders can initiate a SELL Trade for private sector power counter Tata Power. Sukhani has suggested SELL Call for offshore casino operator Delta Corp. The stock is looking weak on the charts. Recently, Delta Corp witnessed selling pressure after reports came that ace investor Rakesh Jhunjhunwala has reduced his stake in this company.
Sukhani has suggested BUY Call for PSU energy major Coal India. The stock is looking strong on the charts.
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.