Sudarshan Sukhani: BUY Colgate, REC, Hindustan Copper; SELL TVS Motor Company
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive today and we can see NSE Nifty above 18000 levels. Indian markets are showcasing positive sentiment despite muted global cues. Indian markets will also have stock specific action over the next few weeks as companies will be announcing their quarterly numbers.
Sukhani has suggested BUY Call for FMCG major Colgate at current price with a stop loss at Rs 1,470. The stock is looking strong on the charts. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. Sukhani has suggested BUY Call for PSU energy major REC at current levels with a stop loss at Rs 128.
Sukhani has suggested BUY Call for Hindustan Copper at current price with a stop loss at Rs 120. The stock could offer positive returns as it is strong on technical charts.
Sukhani has suggested SELL Call for automobile major TVS Motor with a stop loss at Rs 1,010.
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.