Sudarshan Sukhani: BUY Larsen & Toubro, JSPL; SELL Biocon and Indigo Airlines
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to trade low for today’s session and we could see NSE Nifty testing major support levels. Markets are still overbought and many blue-chip stocks are trading near their all-time highs. A correction will be healthy for the markets and we can expect major decline in many stocks.
Sukhani has suggested BUY Call for JSPL with a stop loss of Rs 293, target at Rs 305. Traders can BUY infrastructure major Larsen & Toubro with a stop loss of Rs 1,330, target at Rs 1,400.
Sukhani has pharmaceutical major Biocon on his radar for the trading session. Traders can SELL Biocon with a stop loss of Rs 462, target at Rs 448. Sukhani has been suggesting sell trade for Indigo over the last few trading sessions as the stock is looking weak on the charts. Traders can SELL IndiGo with a stop loss of Rs 1,660, target at Rs 1,600, 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.