Sudarshan Sukhani: BUY Infosys, UltraTech Cement, MGL; SELL Jubilant FoodWorks
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open strong but we could see selling pressure during the trading session. Banks and technology stocks could see selling in today’s trade. NSE Nifty and BSE Sensex are hovering around their all-time highs.
Sukhani has suggested BUY Trade for UltraTech Cement with a stop loss of Rs 5,100, target at Rs 5,230. In technology space, Sukhani has suggested BUY CALL Infosys with a stop loss of Rs 1,225, target at Rs 1,280.
Traders can BUY MGL with a stop loss of Rs 1,060, target at Rs 1,110, as per Sukhani.
Sukhani has suggested a SELL Trade for Jubilant FoodWorks with a stop loss of Rs 2,730, target at Rs 2,660.
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.