Sudarshan Sukhani: BUY Godrej Properties, TVS Motor; SELL Tata Steel and ITC
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian market is expected to open strong on Monday and we could see momentum pushing some stocks to their new highs. Dow Jones closed 0.5 percent lower on Friday but Asian stocks have been trading positive on Monday.
Sukhani has suggested BUY calls for Godrej Properties and TVS Motor Company for today’s session. Traders can initiate a BUY Trade in TVS Motor with a stop loss of Rs 465, target at Rs 512, as per Sukhani. Traders can BUY Godrej Properties with a stop loss of Rs 725, target at Rs 757, as per Sukhani.
Sukhani has suggested SELL Call for ITC with a stop loss of Rs 175, target at Rs 159. ITC is looking weak on the technical charts. Sukhani has suggested SELL Trade for Tata Steel with a stop loss of Rs 380, target at Rs 333.
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.