Sudarshan Sukhani: BUY Jubilant FoodWorks, Hindustan Unilever and Ramco Cements; SELL SBI Cards
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trade. Indian markets are witnessing a broad-based rally for the last few weeks and global cues are still positive. Indian markets could open flat today as many stocks are looking expensive after the recent rally. Bulls were in-charge over the last few weeks and many stocks have even touched all-time highs. Some market participants are also looking forward to a healthy correction in the markets.
Sukhani has suggested BUY Call for cement counter Ramco Cements with Stop Loss at Rs 910. Sukhani has not offered target price for Ramco Cements and traders can keep their own target, depending on risk appetite.
Sukhani has suggested BUY Call for domino’s pizza partner in India, Jubilant Foodworks. Traders can BUY Jubilant with Stop Loss at Rs 489. The stock is looking strong on technical charts.
Sukhani has suggested SELL Trade for SBI Card at current price with Stop Loss at Rs 871. The stock is looking weak and has not participated in the recent stock market rally.
Sukhani has suggested BUY Call for FMCG major Hindustan Unilever with Stop Loss at Rs 2,650. The stock can be a defensive play in case markets drop.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.