Sudarshan Sukhani: BUY Escorts India, ACC; SELL Sun TV and CESC
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL calls for the trading session. Indian markets are expected to open strong on Monday. SGX Nifty trends suggest that Indian markets could see more than 200 points gap-up opening for NSE Nifty. US markets closed flat on Friday but we can expect action in Asian markets today.
Sukhani suggests traders to Buy cement major ACC with a stop loss of Rs 1,240, target at Rs 1,300. ACC is looking strong on charts and the company is expected to see buying interest as building & real estate has picked up. The sales numbers will be interesting to watch for cement sector. Other stock on Sukhani’s radar for the day is automobile major Escorts. Sukhani has suggested Buy Call for Escorts with a stop loss of Rs 885, target at Rs 930.
Sukhani suggests traders to Sell South India based broadcasting major Sun TV with a stop loss of Rs 395, target at Rs 375. Other stock on Sukhani’s selling list for the day is electrical services company CESC. Sukhani suggests SELL for CESC with a stop loss of Rs 585, target at Rs 555.
Traders should keep strict stop loss for all the trades. TopNews will review trading call performance by the end of the trading session.