Sudarshan Sukhani: BUY Havells; SELL IGL, Sun TV and Century Textiles

Sudarshan Sukhani: BUY Havells; SELL IGL, Sun TV and Century Textiles

Technical analyst Sudarshan Sukhani has suggested three SELL calls and one BUY call for today’s trading session. Indian markets could trade in a range today and we can also see further selling in stocks as US markets closed negative. Dow Jones lost nearly 700 points on Wednesday due to renewed coronavirus fears. Indian markets have firmed up in the last three weeks of trade and market players have turned cautious, especially as NSE Nifty reached major resistance level of 10,350.

Sukhani has suggested Sell Call for South-India based broadcaster Sun TV with a stop loss of Rs 405, target at Rs 385. On the charts, IGL is looking weak and Sukhani has suggested traders to Sell IGL with a stop loss of Rs 455, target at Rs 434.

On Sukhani’s selling list for the day is Century Textiles. Traders can Sell Century Textiles with a stop loss of Rs 314, target at Rs 294.

Considering the overall weak sentiment, Sukhani has suggested only one BUY call for today’s trading session. Traders can initiate Buy trade in Havells with a stop loss of Rs 570, target at Rs 592, as per Sukhani.

We can expect stock-specific action today. Reliance Industries remains investor’s favorite stock as the company has turned debt free and has raised massive investment in just two months. Traders should keep strict Stop Loss for all trades.

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