Sudarshan Sukhani: BUY JK Cement, Tata Communications, HAL; SELL Tata Steel

Sudarshan Sukhani: BUY JK Cement, Tata Communications, HAL; SELL Tata Steel

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 and we can see NSE Nifty trading above 18,000 levels in today’s trade. Indian markets are showcasing positive sentiment and despite uncertain trading in the US markets, local markets have gained further ground in the last few trading sessions. US Federal Reserve will be announcing interest rate hike this week and market direction will largely depend on policy rates. Majority of Indian companies have declared results as per market expectations and we can see buying in many counters.

Sukhani has suggested BUY Call for JK Cement at current price with a stop under Rs 2,600. The stock is looking strong on the charts. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite.

Sukhani has suggested BUY Call for Tata Communications at current levels with a stop under Rs 1,240. Traders can initiate a BUY Trade for HAL at current price with a stop under Rs 2,450, as per Sukhani.

Traders can SELL Tata Steel with a stop above Rs 102 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.

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