Sudarshan Sukhani: BUY Infosys, ACC; SELL Lupin and IndiGo
Technical analyst Sudarshan Sukhani has suggested two BUY calls and two SELL calls for today’s trading session. Indian markets have seen a strong breakout above a major resistance level for NSE Nifty and we could see further strength in the markets. Wider stock rally in the recent days suggests that markets could trade strong for some time before we see a decline. Traders can expect a strong opening for stocks today and we could see positive closing.
Traders can BUY ACC with a stop loss of Rs 1,360, target at Rs 1,471, as per Sukhani. Market expert Ashwani Gujral has also given BUY Call for ACC. Traders can initiate a Buy trade in technology major Infosys with a stop loss of Rs 930, target at Rs 1,020.
Traders can Sell IndiGo with a stop loss of Rs 937, target at Rs 862 as the airline will announce quarterly numbers and it could be a selling opportunity. Sukhani has also suggested Sell Call for Lupin with a stop loss of Rs 860, target at Rs 800.
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.