Sudarshan Sukhani: BUY Divi’s Lab, Asian Paints, Bharti Airtel; SELL Tata Steel
Technical analyst Sudarshan Sukhani has suggested three BUY calls and one SELL Call based on technical charts for traders today. Indian markets are expected to open higher but we could see selling pressure at higher levels. Markets are volatile and the closing of Indian stocks will also depend on the trends in European stocks. Many US states announced opening of non-essential businesses and reports suggest that this week, more states across the United States will give relaxation in restrictions.
Sukhani suggests traders to BUY pharmaceutical major Divi's Lab with a stop loss of Rs 2,375, target at Rs 2,475. Other stock on Sukhani’s radar is telecom operator Bharti Airtel. Traders can BUY Bharti Airtel with a stop loss of Rs 485, target at Rs 508.
Sukhani has also suggested a BUY Call for Asian Paints. Compared to other stocks during the sell-off, Asian Paints managed to hold ground. Traders can Buy Asian Paints with a stop loss of Rs 1,800, target at Rs 1,860.
As per Sukhani, Tata Steel is looking weak on the charts. Traders can SELL Tata Steel with a stop loss of Rs 275, target at Rs 260. Keep strict stop loss for all the trades as markets are very volatile these days.