Sudarshan Sukhani: BUY IndiGo, Mintree, Colgate Palmolive; SELL HDFC Life
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets have been gaining ground over the last few trading sessions and markets are now looking forward to quarterly results. Companies declaring better than expected results would be rewarded while those disappointing the markets would see decline in valuations. RBI kept the key rates unchanged in the last policy meeting.
Sukhani has suggested BUY Call for FMCG major Colgate Palmolive with a stop loss of Rs 1,444, target at Rs 1,505. Other stock on Sukhani’s buying list for the day is aviation major IndiGo. Traders can BUY IndiGo with a stop loss of Rs 1,340, target at Rs 1,390, as per Sukhani.
Mindtree is looking strong on the technical charts and Sukhani has suggested a BUY Trade for the stock. Traders can initiate a BUY Trade in Mindtree with a stop loss of Rs 1,492, target at Rs 1,568, as per Sukhani.
Sukhani has suggested SELL Call for HDFC Life with a stop loss of Rs 586, target at Rs 553.
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.