Sudarshan Sukhani: BUY Infosys, Bharat Forge, ITC and Aurobindo Pharma
Technical analyst Sudarshan Sukhani has suggested all BUY Calls for traders for today’s session, indicating bullish trend in the market. Indian market is expected to open strong today as US markets were higher after Federal Reserve announced outline of its plans for revival of US economy. Indian markets have managed to break many resistance levels and we could see further buying. It will be interesting to see if the markets are able to remain strong at higher levels.
Sukhani suggests BUY trade for Infosys with a stop loss of Rs 660, target at Rs 695. Another stock on Sukhani’s BUY list for the day is Bharat Forge. Traders can Buy Bharat Forge with a stop loss of Rs 270, target at Rs 300.
Pharmaceutical major Aurobindo Pharma is also on Sukahni’s radar for the day. Pharmaceutical companies have managed to stay strong during COVID selling. Some of the pharmaceutical companies have managed to touch 52-week high after initial selling in the markets ended. Traders can Buy Aurobindo Pharma with a stop loss of Rs 610, target at Rs 640. Another stock on Sukhani’s buy list is from FMCG and cigarettes sector. Traders can Buy ITC with a stop loss of Rs 177, target at Rs 190.
Traders should keep strict stop loss for all the trades. Markets are highly volatile. We suggest STOP LOSS for all trades in order to minimize the loss in case the trade doesn’t perform as expected.