Sudarshan Sukhani: BUY IndusInd Bank, ACC, Divi’s Labs and Motherson Sumi
Technical analyst Sudarshan Sukhani has suggested four BUY Calls and no SELL Calls for today’s trade, suggesting a bullish outlook for Indian markets. The market is expected to open strong today and we can expect NSE Nifty to touch a fresh all-time high. Indian markets have been trading strong over the last few weeks. Dow Jones closed nearly 1.5 percent higher in yesterday’s trade.
Traders can initiate BUY Trade for cement major ACC with a stop loss of Rs 1,640, target at Rs 1,746, as per Sukhani.
Sukhani has pharmaceutical major Divi’s Labs on his radar for the trading session. Traders can BUY Divi's Laboratories with a stop loss of Rs 3,834, target at Rs 3,986.
Sukhani has suggested BUY Call for private banking major IndusInd Bank with a stop loss of Rs 892, target at Rs 969. Automobile components maker Motherson Sumi is looking strong on the charts. Traders can BUY Motherson Sumi Systems with a stop loss of Rs 162, target at Rs 178, as per Sukhani.
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.