Sudarshan Sukhani: BUY IRCTC, HDFC Bank, Indraprastha Gas
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and no SELL Call for today’s trading session. As the US markets closed positive on Tuesday and Asian stocks were trading higher this morning, we can expect Indian markets to open strong. Today, RBI will hold MPC meeting and we can expect volatility in the market. Overall, markets are expected to close positive today as the mood has turned bullish.
Sukhani has suggested BUY Call for banking major HDFC Bank with a stop loss at Rs 1,495. Sukhani has not given target price for the calls over the last few weeks. The markets are trading around their all time highs and many stocks are also at their all time highs. In such situations, stocks can rise much higher and it isn’t easy to set a target price. Traders can select their own target, based on their risk appetite.
Sukhani has suggested BUY Call for IRCTC with a stop loss at Rs 790. The stock is looking strong on the charts and we can expect positive movement in this counter after major decline over the last few weeks.
Traders can BUY Indraprastha Gas Limited with a stop loss at Rs 485, 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.