Sudarshan Sukhani: BUY Cummins India, United Breweries, Hero MotoCorp; SELL Dr Lal Path Labs
Technical Analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today and we can witness selling pressure. Indian markets have largely remained strong during the last few trading session but global weakness can lead to selling in local markets as well. US and European stocks closed negative on Wednesday and markets are waiting for US inflation data (to be released today). Local markets are expected to close negative.
Sukhani has suggested BUY Call for Cummins India at current price with a stop loss at Rs 1,300. 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 automobile major Hero MotoCorp with a stop loss at Rs 2,575. Traders can initiate a BUY Trade for United Breweries Limited with a stop loss at Rs 1,640, as per Sukhani.
Sukhani has suggested SELL Call for Dr Lal Pathlabs with a stop loss at Rs 2,450.
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.