Sudarshan Sukhani: BUY LIC Housing, Cipla; SELL Dabur and Godrej Consumer Products
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 and we can expect lackluster trading session today. Dow Jones closed marginally higher on Wednesday and Asian markets have been trading mixed. Indian markets have been hovering around their all-time highs and we would need some fresh triggers for the direction of the markets.
Sukhani has suggested BUY Call for pharmaceutical major Cipla with a stop loss of Rs 823, target at Rs 914. Other stock on Sukhani’s radar for the trading session is LIC Housing Finance. Traders can BUY LIC Housing Finance with a stop loss of Rs 424, target at Rs 500, as per Sukhani.
Sukhani has suggested SELL Trade for FMCG major Dabur India with a stop loss of Rs 531, target at Rs 514. Traders can initiate a SELL Trade for Godrej Consumer Products with a stop loss of Rs 761, target at Rs 715, 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.