Sudarshan Sukhani: BUY Hero MotoCorp, JSW Steel; SELL Jubilant FoodWorks and LIC Housing
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open negative today and we can expect markets to see correction after many weeks of gains. Many Indian stocks are at overstretched valuations and we can expect a healthy correction in many counters.
Sukhani has suggested BUY Trade for automobile major Hero MotoCorp as the stock is looking strong on the charts. Traders can BUY Hero MotoCorp with a stop loss of Rs 3,400, target at Rs 3,575. Traders can BUY JSW Steel with a stop loss of Rs 377, target at Rs 389, as per Sukhani.
Sukhani has suggested SELL Trade for Jubilant FoodWorks with a stop loss of Rs 2,750, target at Rs 2,680. Traders can SELL LIC Housing with a stop loss of Rs 421, target at Rs 408, 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.