Sudarshan Sukhani: BUY Marico, ACC, Britannia; SELL Coal India
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL call for today’s trading session. Asian markets have opened mixed and Indian market is expected to open slightly positive today. The number of coronavirus infections in India is rising fast but majority of hospitals and healthcare facilities are ready to take the load as number of patients that need critical surges. Indian markets are now waiting for first quarter results and TCS has announced that the company will declare first quarter results on July 11.
Sukhani has suggested BUY call for cement major ACC. Mitesh Thakkar has also suggested BUY Call for ACC today. Traders can BUY ACC with a stop loss of Rs 1,245, target at Rs 1,425, as per Sukhani.
Other stock on Sukhani’s list for the day is FMCG major Britannia Industries. Traders can Buy Britannia with a stop loss of Rs 3,505, target at Rs 3,705. From FMCG sector, Sukhani has suggested Marcio as BUY trade. Traders can BUY Marico with a stop loss of Rs 330, target at Rs 376.
Traders can Sell Coal India with a stop loss of Rs 143, target at Rs 122, as per Sukhani.
TopNews will review trading call performance by the end of the trading session. All traders should be conducted with strict stop loss as markets are highly volatile and Stop Loss manages to reduce the loss in case the trade doesn’t go as planned.