Sudarshan Sukhani: BUY Godrej Consumer, Mphasis, Dr Reddy’s; SELL Amara Raja Batteries
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly lower today and we can expect selling pressure. Markets have reached a higher point and many market participants are waiting for a correction in some counters that are looking overvalued.
Sukhani has suggested BUY Call for Mphasis with a stop loss of Rs 1,990, target at Rs 2,040. Traders can initiate a BUY Trade for pharmaceutical major Dr Reddy's Laboratories with a stop loss of 5,350, target at Rs 5,580.
Sukhani has suggested BUY Call for FMCG major Godrej Consumer with a stop loss of Rs 880, target at Rs 915.
Sukhani has suggested SELL Call for Amara Raja Batteries with a stop loss of Rs 765, target at Rs 748.
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.