Sudarshan Sukhani: BUY Indraprastha Gas, TCS and Syngene
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open positive today but we can witness selling at higher levels. Asian markets were trading firm this morning. US markets closed negative on Tuesday. Indian markets could stage a recovery from the losses registered last week.
Sukhani has suggested BUY Call for technology major TCS with a stop loss below Rs 3,400. Sukhani has not given target price for the calls over the last few weeks. The markets are trading around their all time highs and many stocks are also at their all time highs. In such situations, stocks can rise much higher and it isn’t easy to set a target price. Traders can select their own target, based on their risk appetite.
Traders can initiate a BUY Trade for Indraprastha Gas with a stop loss below Rs 470. Sukhani has suggested BUY Call for Syngene with a stop loss below Rs 580.
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.