Sudarshan Sukhani: BUY Infosys, Godrej Consumer, Asian Paints; SELL Maruti Suzuki
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly positive today. Asian markets were trading mixed this morning while US stocks closed almost flat. Market sentiment is positive but many market participants are awaiting a correction in stocks.
Sukhani has suggested BUY Call for Asian Paints for a target price of Rs 3,035 with a stop loss at Rs 2,960. Other stock on Sukhani’s buying list for the day is FMCG major Godrej Consumer Products. Traders can BUY Godrej Consumer Products for a target of Rs 990 with a stop loss at Rs 965, as per Sukhani.
Sukhani has suggested BUY Call for technology major Infosys Technologies for a target of Rs 1,685 with a stop loss at Rs 1,645.
Traders can SELL automobile major Maruti Suzuki for a target of Rs 6,980 with a stop loss at Rs 7,160, as per Sukhani. The stock is looking weak on technical charts.
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.