Sudarshan Sukhani: BUY Hindalco, ITC, Glenmark Pharma; SELL Bata 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 strong today and we could see buying support for majority of blue-chip stocks. Pharmaceutical and technology stocks are in focus these days and we have seen many companies touching 52-week high in the recent sessions.
Sukhani has suggested BUY Call for pharmaceutical major Glenmark Pharma with a stop loss of Rs 449, target at Rs 524. The stock has been in focus in the recent sessions as the company launched one anti-viral medication to deal with mild COVID-19 cases.
Traders can BUY Hindalco with a stop loss of Rs 168, target at Rs 199, as per Sukhani. Traders can initiate BUY Trade in ITC with a stop loss of Rs 190, target at Rs 220, as per Sukhani.
Bata India is looking weak on the charts. Sukhani suggests SELL call for Bata India with a stop loss of Rs 1,250, target at Rs 1,205.
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.