Sudarshan Sukhani: BUY Dabur India, UltraTech Cement; SELL DLF and Interglobe Aviation
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today and we could see positive trade during the session as global market sentiment has improved. US and European markets closed positive on Monday and we can expect markets to show strength this week. Some of the markets have gone in oversold territory but investors are also concerned about economy and conditions of banks.
Sukhani has suggested BUY Call for FMCG major Dabur India at current price keeping a Stop Loss at Rs 534. Sukhani doesn’t offer price target for stocks. Traders can decide their own target price based on their risk profile. Sukhani has suggested BUY Call for UltraTech Cement at current levels with Stop Loss at Rs 7300. The stock is looking strong on the charts.
Sukhani has suggested SELL Call for real estate major DLF at current price with Stop Loss at Rs 357.
Sukhani has suggested SELL Call for InterGlobe Aviation at current price keeping Stop Loss at Rs 1826.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.