Sudarshan Sukhani: BUY HCL Technologies, Dr Reddy’s, Cadila HealthCare; SELL Exide Industries
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets have been trading strong over the last few trading sessions and NSE Nifty is almost touching 12,000 levels, last seen during February 2020. Markets are at a crucial point and strong quarterly numbers could push markets higher but the action would be stock-specific in October. Dow Jones gained nearly one percent on Monday and Indian markets are expected to open positive today.
Among technology stocks, HCL Technologies is looking strong on the charts. Infosys, TCS, HCL Technologies and Tech Mahindra have been trading strong over the last few weeks and these stocks have touched new high in the recent times. Most of the technology stocks are looking strong on the charts. Sukhani has suggested BUY Trade for HCL Tech with a stop loss of Rs 851, target at Rs 898.
Sukhani has suggested BUY Call for Cadila Healthcare with a stop loss of Rs 423, target at Rs 470. Other stock on Sukhani’s buying list for the day from pharmaceutical sector is Dr. Reddy’s Traders can BUY Dr Reddy's with a stop loss of Rs 5,160, target at Rs 5,330, as per Sukhani.
Sukhani has suggested SELL trade for Exide Industries with a stop loss of Rs 166, target at Rs 150.
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.