Sudarshan Sukhani: BUY Jubilant FoodWorks, NMDC, L&T Finance Holdings
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open flat today and we can witness selling pressure during the trade. The markets registered strong recovery this week and US markets closed flat on Wednesday. Asian stocks were trading mixed this morning.
Sukhani has suggested BUY Call for Domino’s Pizza main franchisee for India, Jubilant FoodWorks with a stop loss at Rs 3,715. 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 L&T Finance Holdings at current price with a stop loss at Rs 78.3. Traders can initiate a BUY Trade for NMDC at current levels with a stop loss at Rs 141.5, 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.