Sudarshan Sukhani: BUY DLF; SELL Lupin, Apollo Hospitals and Petronet LNG
Technical analyst Sudarshan Sukhani has suggested three SELL calls and one BUY Call for today’s trading session, suggesting a negative outlook for Indian markets. Indian markets are expected to trade low today, tracking weakness in global markets. Dow Jones closed slightly negative on Wednesday and we can expect selling pressure in Indian equities due to absence of any positive triggers.
Sukhani has suggested only one BUY Call for today’s trade. Traders can initiate a BUY trade for real estate major DLF with a stop loss of Rs 147, target at Rs 178.
Sukhani has suggested SELL trade for Petronet LNG with a stop loss of Rs 265, target at Rs 235. Traders can initiate a SELL trade for Apollo Hospitals with a stop loss of Rs 1,730, target at Rs 1,610. Sukhani has suggested SELL trade for Lupin with a stop loss of Rs 1,009, target at Rs 934.
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.