Sudarshan Sukhani: BUY L&T Finance, Granules; SELL M&M and PVR
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower today. Nasdaq and Dow Jones faced selling pressure on Wednesday as investors are worried about rising interest rates and inflation. Indian markets are expected to test major support levels for NSE Nifty today and we can see selling across the board.
Sukhani has suggested BUY Call for financial services provider L&T Finance with a stop loss at Rs 85. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. The stock is looking strong on the charts. Traders can initiate a BUY Trade for Granules with a stop loss at Rs 313, as per Sukhani.
Sukhani has suggested SELL Trade for multiplex operator PVR with a stop loss at Rs 1,930. Traders can initiate a SELL Trade for automobile major M&M with a stop loss at Rs 839, 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.