Sudarshan Sukhani: BUY Kotak Mahindra Bank, IGL, SRF; SELL Persistent Systems
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive today as global market sentiment has improved. However, investing community is waiting for US Federal Reserve meeting on interest rates. In case US FED keeps in the rates unchanged during the current meeting, we can expect a strong rally in the markets. US and European markets closed positive on Tuesday.
Sukhani has suggested BUY Call for private banking major Kotak Mahindra Bank at current price keeping a Stop Loss at Rs 1650. Sukhani doesn’t offer price target for stocks. Traders can decide their own target price based on their risk profile. Sukhani has suggested BUY Call for SRF at current levels with Stop Loss at Rs 2200. The stock is looking strong on the charts.
Sukhani has suggested BUY Call for Indraprastha Gas at current price with Stop Loss at Rs 425.
Sukhani has suggested SELL Call for Persistent Systems at current price keeping Stop Loss at Rs 4580.
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.