Sudarshan Sukhani: BUY HCL Technologies, UltraTech Cement, Tata Chemicals; SELL Indigo
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 and we can expect selling pressure during the trading session. NSE Nifty could see further decline if major support levels are breached during the trade. Indian markets are open today while markets in US and Europe will be closed on account of Easter.
Sukhani has suggested BUY Trade for cement major UltraTech Cement with a stop loss of Rs 6,820, target at Rs 7,000. Traders can BUY Tata Chemicals with a stop loss of Rs 770, target at Rs 790, as per Sukhani.
Sukhani has suggested BUY Trade for technology major HCL Technologies with a stop loss of Rs 990, target at Rs 1,015. Technology stocks are looking strong on the charts.
Sukhani has suggested SELL Call for Indigo Airlines. Traders can SELL InterGlobe Aviation with a stop loss of Rs 1630, target at Rs 1,595, as per Sukhani.
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.