Sudarshan Sukhani: BUY Mahanagar Gas, BPCL, Marico; SELL UBL
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly lower today but we could see markets taking support from lower levels. Many stocks are still hovering around their all-time highs and market participants feel that the valuations are overstretched. We can expect stock specific action in the markets today.
Sukhani has suggested BUY Call for oil PSU BPCL with a stop loss of Rs 419, target at Rs 450. Sukhani has suggested BUY Trade for Mahanagar Gas with a stop loss of Rs 1,160, target at Rs 1,236.
FMCG major Marico is on Sukhani’s radar for the trading session. Traders can BUY Marico with a stop loss of Rs 420, target at Rs 431, as per Sukhani.
Sukhani has suggested SELL trade for UBL with a stop loss of Rs 1,243, target at Rs 1,167.
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.