Sudarshan Sukhani: BUY JSW Steel, Glemark Pharma, Infosys; SELL BPCL

Sudarshan Sukhani: BUY JSW Steel, Glemark Pharma, Infosys; SELL BPCL

Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are trading near their yearly high and we could see further momentum in select stocks. Over the last few weeks, the strength in stocks has shifted to broader market. But, market participants are not ruling out a chance for a healthy correction in stocks as we have seen strong movement since March 2020 sell-off.

Traders can BUY Glenmark Pharma with a stop loss of Rs 453, target at Rs 529, as per Sukhani. Other stock on Sukhani’s radar for the day is JSW Steel as the stock is looking strong on technical charts. Traders can initiate a BUY trade in JSW Steel with a stop loss of Rs 255, target at Rs 285.

Sukhani has also suggested BUY trade for technology major Infosys with a stop loss of Rs 945, target at Rs 970. Infosys has been hovering around its 52-week high and the stock has given strong BUY signal in the recent trading sessions.

Only stock on Sukhani’s SELL list for the day is oil PSU BPCL. Traders can Sell BPCL with a stop loss of Rs 433, target at Rs 373, 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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