Sudarshan Sukhani: BUY Hero MotoCorp, United Spirits, Muthoot Finance; SELL Metropolis Healthcare
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 can witness a range-bound trading session. Indian markets are still bullish but trends in the global markets have turned sideways this week. Last week, markets across the globe witnessed a strong rally and markets could be taking a breather before the next move.
Sukhani has suggested BUY Call for gold financing major Muthoot Finance with a stop loss at Rs 1,075. 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 with a stop loss at Rs 2,675. Sukhani has suggested BUY Call for United Spirits with a stop loss at Rs 870. Market expert Mitesh Thakkar has also suggested BUY Call for United Spirits.
Traders can initiate a SELL Trade for Metropolis Healthcare with a stop loss at Rs 1,578, 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.