Sudarshan Sukhani: BUY Hero MotoCorp; SELL L&T Infotech, CONCOR and Biocon
Technical Analyst Sudarshan Sukhani has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to open lower today and we could see selling pressure during the trading session. US and European markets closed slightly negative on Tuesday and Asian markets were trading mixed this morning. Indian markets could see some recovery during the session. Overall trend in the market is positive but we could see a couple of days of consolidation.
Sukhani has suggested SELL Call for pharmaceutical counter Biocon with a Stop Loss at Rs 296. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. The stock is looking strong on the charts. The stock is looking weak on the charts and with overall market weakness, it could see selling pressure.
Sukhani has suggested SELL Call for Container Corporation with a stop loss at Rs 675. Traders can SELL Larsen & Toubro Infotech with a stop loss at Rs 4,554, as per Sukhani.
Sukhani has suggested BUY Call for Hero Motocorp with a stop loss at Rs 2,827. The stock is looking strong on the charts and once market conditions improve, it could offer decent returns.
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.