Sudarshan Sukhani: BUY HDFC Life, Siemens; SELL Cummins and Mahanagar Gas
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today but we can expect a volatile session as today’s is expiry of F&O. European and US markets closed mixed on Wednesday. Indian markets are looking for next triggers and quarterly results could dictate the direction of markets in October.
Sukhani has suggested BUY Call for engineering equipment counter Siemens for a target price of Rs 2,150 with a stop loss at Rs 2,110. Traders can initiate a BUY trade for HDFC Life for a target price of Rs 745 with a stop loss at Rs 725, as per Sukhani.
Sukhani has suggested SELL Call for Cummins for a target of Rs 985 with a stop loss at Rs 1,007.
Sukhani has suggested SELL Trade for Mahanagar Gas Limited for a target of Rs 1,065 with a stop loss at Rs 1,085. The stock is looking weak on the technical charts.
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.