Sudarshan Sukhani: BUY Jubliant FoodWorks; SELL Adani Ports, IGL and Vedanta
Technical analyst Sudarshan Sukhani has suggested three SELL Calls and one BUY Call for today’s trading session. Indian markets are expected to open lower today as Asian stocks have been trading low. US markets declined on Tuesday with Dow Jones losing nearly 600 points during the trading session.
Sukhani has suggested only one BUY Call today for main franchisee of Domino’s Pizza in India, Jubilant FoodWorks. Traders can BUY Jubilant Food with a stop loss of Rs 2,230, target at Rs 2,320, as per Sukhani.
Sukhani has suggested SELL Call for Adani Ports with a stop loss of Rs 350, target at Rs 338. Other stock on Sukhani’s selling list for the day is IGL. Traders can SELL IGL with a stop loss of Rs 395, target at Rs 385, as per Sukhani.
Sukhani has suggested SELL Trade for metals counter Vedanta with a stop loss of Rs 128, target at Rs 122. Vedanta has announced buyback and delisting of the stock. However, the price offered by the management is much lower than the market price. Markets are expecting the company to raise the target price for buying the stock.
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.