Sudarshan Sukhani: BUY L&T, ONGC; SELL Dr Lal PathLabs and Mindtree
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 but we can witness higher volatility during today’s session. Markets are lacking a clear direction as global cues are muted. European stocks closed positive on Tuesday. Dow Jones closed positive but Nasdaq closed negative and market players are still trading cautiously. Indian markets could see slightly recovery during this week.
Sukhani has suggested BUY Call for infrastructure major Larsen & Toubro at current levels with a stop loss under Rs 2,000. The stock is looking strong on the charts. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. Sukhani has suggested BUY Call for energy PSU ONGC at current levels with Stop Loss under Rs 142.
Sukhani has suggested SELL Trade for Mindtree at current levels with a stop loss above Rs 3,454. Sukhani has suggested SELL Call for Dr. Lal PathLabs. Traders can short the stock at current levels with a stop loss above Rs 2,314.
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.