Sudarshan Sukhani: BUY Divi’s Labs, Marico and Bharat Forge; SELL Pidilite Industries

Sudarshan Sukhani: BUY Divi’s Labs, Marico and Bharat Forge; SELL Pidilite Industries

Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL call for today’s trading session. Indian markets are expected to continue with the momentum from yesterday’s trade and we could see a strong opening session. Dow Jones closed positive and Asian markets have been trading positive today.

Sukhani has suggested BUY Call for Bharat Forge with a stop loss of Rs 384, target at Rs 415. Other stock on Sukhani’s buying list is Divi’s Labs from pharmaceutical sector. Traders can initiate a BUY trade in Divi's Labs with a stop loss of Rs 2,650, target at Rs 2,770. Traders can Buy Marico with a stop loss of Rs 358, target at Rs 388, as per Sukhani.

Sukhani has suggested Sell trade for Pidilite Industries with a stop loss of Rs 1,365, target at Rs 1,305.

After facing a few trading sessions with decline, Indian markets are again looking strong and we could cross the next resistance levels for NSE Nifty. With many COVID-19 vaccines in advanced human trials, traders are confident that we could see better outcomes in near future. Markets have also factored in quarterly results of majority of companies and stocks have remained firm.

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.

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