Sudarshan Sukhani: BUY ICICI Bank, Bank of Baroda, BEL; SELL Larsen & Toubro
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive but we could see a volatile session ahead of the RBI monetary policy meeting today. Indian markets have been trading in a narrow range with a negative bias over the last few sessions. US and European markets closed positive on Tuesday.
Sukhani has suggested BUY Call for PSU banking major Bank of Baroda with a stop loss at Rs 98. 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 private banking major ICICI Bank.
Traders can BUY BEL with a stop loss at Rs 236, as per Sukhani. The stock is looking strong on technical charts.
Sukhani has suggested SELL Call for infrastructure major Larsen and Toubro with a stop loss at Rs 1,605.
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.