Sudarshan Sukhani: BUY Jubilant FoodWorks, Mindtree and Marico; SELL Indiabulls Housing
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets touched all-time high in yesterday’s trading session and markets are expected to open slightly positive today. We can expect another all-time high for major indices today as the market sentiment is still bullish. US markets closed slightly negative on Tuesday but we can still expect momentum in Indian stocks.
Sukhani has suggested BUY Call for Mindtree for a target price of Rs 3,690 with a stop loss at Rs 3,590. Other stock on Sukhani’s radar is Domino’s main franchisee in India, Jubilant FoodWorks. Traders can BUY Jubilant FoodWorks for a target of Rs 4,080 with a stop loss at Rs 3,950, as per Sukhani.
Sukhani has suggested BUY Trade for FMCG major Marico for a target of Rs 555 with a stop loss at Rs 538.
Sukhani has suggested SELL Call for Indiabulls Housing Finance for a target of Rs 220 with a stop loss at Rs 227.
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.