Sudarshan Sukhani: BUY Hero MotoCorp, Berger Paints, Crompton Greaves; SELL Jubilant FoodWorks
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are hovering around all-time high for NSE Nifty but 18550 is proving as a major resistance for Nifty. Local markets are showcasing bullish trends but global cues are muted this week. Indian markets are also trading sideways for the last two sessions. There isn’t any major trigger in the markets this week. We can expect markets to witness range-bound trading session today.
Sukhani has suggested BUY Call for Crompton Greaves with a stop loss at Rs 358. The stock is looking strong on the charts. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. Sukhani has suggested BUY Call for automobile major Hero Motocorp at current price with a stop under Rs 2,685.
Sukhani has suggested intraday SELL Call for Jubilant FoodWorks at current levels with a Stop Loss above Rs 565.
Sukhani has suggested BUY Trade for Berger Paints at current levels with a Stop Loss under Rs 602.
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.