Sudarshan Sukhani: BUY IRCTC, Bajaj Auto; SELL Cholamandalam and Granules India
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open slightly positive today as US markets closed mixed on Monday and Asian stocks were trading lower this morning. Indian markets are looking for further triggers as the last few weeks have seen a strong rally in the stocks.
Sukhani has suggested BUY Call for automobile major Bajaj Auto for a target price of Rs 3,960 with a stop loss at Rs 3,880. Traders can initiate a BUY Trade for IRCTC for a target of Rs 3,890 with a stop loss at Rs 3,800, as per Sukhani.
Sukhani has suggested SELL Call for Granules for a target of Rs 312 with a stop loss at Rs 324. Traders can SELL Cholamandalam Finance for a target of Rs 562 with a stop loss at Rs 580, 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.