Sudarshan Sukhani: BUY HDFC Life, Tata Power, ACC; SELL Britannia Industries

Sudarshan Sukhani: BUY HDFC Life, Tata Power, ACC; SELL Britannia Industries

Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive today and we could see positive trade during the session as global market sentiment has improved. Markets are expected to remain in a narrow range and global sentiment will guide the local markets. We have witnessed strength in the markets in the recent trading sessions and we could see markets getting support from lower levels while upside seems limited.

Sukhani has suggested BUY Call for HDFC Life at current price keeping a Stop Loss at Rs 493. Sukhani doesn’t offer price target for stocks. Traders can decide their own target price based on their risk profile. Sukhani has suggested BUY Call for Tata Power at current levels with Stop Loss at Rs 192. The stock is looking strong on the charts and has witnessed decline over the last few sessions. We can expect a bounce in this counter.

Sukhani has suggested BUY Call for cement major ACC at current price with Stop Loss at Rs 1680.

Sukhani has suggested SELL Call for FMCG major Britannia Industries at current price keeping Stop Loss at Rs 4330.

All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.

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