Sudarshan Sukhani: BUY Hero MotoCorp, TCS; SELL BPCL and Just Dial
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and Two SELL calls for the trading session. Indian markets are expected to open slightly lower today and we could see the markets trading in a narrow range. US markets closed mixed on Monday. The US economy is slowly getting back on its feet as many regions have eased restrictions. Workers are returning to work after many weeks of staying at home due to COVID-19 pandemic.
While the number of infections hasn’t dropped in the recent days, majority of government leaders feel that economy should be reopened so that people can get back to their normal life. We might have to live with coronavirus as it keeps on spreading. However, the strain of virus seems to be less risky at the moment and recovery from illness has increased in the last two weeks.
Market expert Sudarshan Sukhani has suggested traders to BUY TCS with a stop loss of Rs 1,900, target at Rs 1,980. Other stock on Sukhani’s list is Hero MotoCorp. The stock jumped nearly 6 percent yesterday as the company announced production numbers. Traders can Buy Hero MotoCorp with a stop loss of Rs 2,040, target at Rs 2,150. Market expert Ashwani Gujral has also suggested BUY Call for Hero MotoCorp today.
Sukhani suggests Sell Call for BPCL with a stop loss of Rs 317, target at Rs 309. BPCL is also on Gujral’s sell list for the day. Sukhani also suggests traders to initiate a Sell trade in Just Dial with a stop loss of Rs 360, target at Rs 320.