Sudarshan Sukhani: BUY Lupin, Colgate Palmolive, TCS and Bharti Infratel
Technical analyst Sudarshan Sukhani has suggested only BUY Calls for traders today. Indian market is expected to rise today after declining for two trading sessions. World markets have given mixed signals and traders can expect strong trading session on Tuesday.
Sudarshan Sukhani has suggested BUY Call for pharmaceutical major Lupin. Sukhani suggests initiating a Buy trade in Lupin with a stop loss of Rs 835, target at Rs 875. Other stock on Sukhani’s radar for the day is technology major TCS. Sukhani suggests Buy call for TCS with a stop loss of Rs 1,900, target at Rs 2,000.
Sukhani has also suggested BUY Call for Bharti Infratel and Colgate Palmolive. Traders can Buy Bharti Infratel with a stop loss of Rs 210, target at Rs 213. Traders can also buy FMCG major Colgate Palmolive with a stop loss of Rs 1,375, target at Rs 1,410. Colgate is looking strong on the charts and we could see a strong movement in the stock.
Please keep strict stop loss for all trades. Indian market is expected to remain strong for today’s trading session. Market close will depend on the trends in the European markets. Many regions across Europe have opened local businesses after COVID-19 lockdowns. The situation is still under control and authorities are keeping a strict watch on the situation.
Economy might take time to recover but governments across the world are offering stimulus packages to help economy deal with the major blow offered by COVID-19 pandemic. Indian government announced Rs 20 lakh crore stimulus package but as the details of the package emerged, the real money offered under the package is around Rs 1.5 lakh crore. Rest are the components related to RBI offering easier credit, government’s guaranteed loans for MSME sector and some other packages already outlined in the Union Budget.