Sudarshan Sukhani: BUY Kotak Mahindra Bank, Pfizer and PI Industries
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and no SELL Call for today’s trading session. Indian markets could stage a recovery in today’s session as US markets closed positive on Monday and Asian stocks were trading firm this morning. Markets witnessed a steep decline last week and we can expect recovery during the current weak as concerns over COVID variant from South Africa subside.
Sukhani has suggested BUY Call for pharmaceutical major Pfizer with a stop loss at Rs 4,910. 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 private banking major Kotak Mahindra Bank with a stop loss below Rs 1,937.
Traders can BUY PI Industries with a stop loss below Rs 2,842, as per Sukhani. The stock is looking strong on the charts.
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.