Sudarshan Sukhani: BUY Hero MotoCorp, UltraTech Cement, Siemens; SELL Cummins India
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today and we may see markets trading in a narrow range due to absence of any major triggers. Markets are now waiting for quarterly results that companies will start announcing next month.
Sukhani has suggested BUY Call for cement major UltraTech Cement with a stop loss of Rs 3,950, target at Rs 4,200. UltraTech Cement is looking strong on the charts and traders can see momentum taking this stock near Rs 4200 levels. Sukhani has suggested BUY Call for automobile major Hero MotoCorp with a stop loss of Rs 3,147, target at Rs 3,238. Hero MotoCorp has been suggested as BUY trade by Ashwani Gujral as well.
Sukhani has suggested BUY Call for engineering company Siemens with a stop loss of Rs 1,250, target at Rs 1,280.
Traders can SELL Cummins Industries with a stop loss of Rs 450, target at Rs 435, 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.