Sudarshan Sukhani: BUY Dabur, Ramco Cement; SELL Axis Bank and Trent
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today but we can see selling pressure at higher levels. RBI’s policy meeting today can result in higher volatility in the markets.
Sukhani has suggested BUY Call for FMCG major Dabur with a stop loss of Rs 540, target at Rs 556. Sukhani has suggested BUY Call for mid-cap cement company Ramco Cement with a stop loss of Rs 1,020, target at Rs 1,070.
Traders can SELL private banking major Axis Bank with a stop loss of Rs 688, target at Rs 665, as per Sukhani. Axis Bank is looking weak on the charts.
Traders can SELL Trent with a stop loss of Rs 714, target at Rs 690, 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.