Sudarshan Sukhani: BUY LIC Housing, UltraTech Cement, Havells India; SELL Tata Chemicals
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are trading at their all-time high for BSE Sensex and NSE Nifty. While mid-cap and small-cap stocks have been lagging behind in the current rally in stock markets, the blue-chip companies have witnessed strong growth in valuations. Indian markets have also been helped by foreign fund inflows and we can expect markets to remain strong this week. Markets are expected to open strong even today and we could see fresh all-time high for indices.
Sukhani has suggested BUY Call for LIC Housing as the stock is looking strong on the technical charts. Market expert Ashwani Gujral has also suggested BUY Call for LIC Housing for today’s trade. Traders can BUY LIC Housing with a stop loss of Rs 317, target at Rs 329, as per Sukhani.
Sukhani has suggested BUY Trade for electric wires and equipment maker Havells India with a stop loss of Rs 830, target at Rs 855.
Traders can initiate a BUY Trade for cement major UltraTech Cement with a stop loss of Rs 4,620, target at Rs 4,850, as per Sukhani.
Sukhani has suggested SELL Trade for Tata Chemicals as the stock is looking weak on the charts. Traders can SELL Tata Chemicals with a stop loss of Rs 310, target at Rs 322, 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.