Sudarshan Sukhani: BUY LIC Housing, Bharti Airtel; SELL Glenmark Pharmceuticals and SUN TV
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today and we can expect selling pressure during the trading session. Markets were trading lower during the early trade yesterday but recovered smartly during the afternoon session. As US and European markets closed negative yesterday, we can expect selling pressure in Indian markets today.
Sukhani has suggested BUY Call for telecom operator Bharti Airtel for a target of Rs 680 with a stop loss at Rs 662. Traders can BUY LIC Housing Finance for a target of Rs 430 with a stop loss at Rs 419, as per Sukhani. LIC Housing Finance is looking strong on the charts.
Sukhani has suggested SELL Trade for South Indian broadcaster Sun TV for a target of Rs 478 with a stop loss at Rs 491. Pharmaceutical counter Glenmark Pharmaceuticals is on Sukhani’s selling list for the day as the stock is looking weak on the charts. Traders can SELL Glenmark for a target of Rs 520 with a stop loss at Rs 538, 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.