Sudarshan Sukhani: BUY ICICI Bank, NMDC; SELL SBI Life and UltraTech Cement
Technical Analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to largely track the weakness in global markets and we can witness a gap-down opening for today’s session. Indian markets are currently showing positive sentiment but the global bearish trends will be leading the local markets. Market participants are also expecting buying at lower levels in today’s session.
Sukhani has suggested BUY Call for private banking major ICICI Bank with a stop loss at Rs 850. The stock is looking strong on the charts. Traders can BUY on declines. 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 NMDC with a stop loss at Rs 131.
Sukhani has suggested SELL Call for SBI Life with a stop loss at Rs 1,256. Traders can initiate a SELL Trade for UltraTech Cement with a stop loss at Rs 6,307, as per Sukani.
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.