Sudarshan Sukhani: BUY Godrej Consumer, Infosys, UPL; SELL Bharti Airtel
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open negative today as Asian markets have been trading weak. US markets remained closed on Monday and European markets closed almost flat. Indian markets are waiting for the next trigger for movement in either direction. Market participants are concerned about elevated valuations of many stocks and we can witness a sharp correction.
Sukhani has suggested BUY Call for UPL with a stop loss of Rs 798, target at Rs 820. Among FMCG stocks, Godrej Consumer is on Sukhani’s radar. Traders can initiate a BUY Trade for Godrej Consumer with a stop loss of 915, target at Rs 940, as per Sukhani.
Sukhani has suggested BUY Call for technology major Infosys Technologies with a stop loss of Rs 1,565, target at Rs 1,605.
Sukhani has suggested SELL Trade for telecom operator Bharti Airtel with a stop loss of Rs 530, target at Rs 515.
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.