Sudarshan Sukhani: BUY Marico, Bharat Forge; SELL Cummins and Shree Cement
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 and we can witness selling pressure in today’s trade. US and European markets closed negative on Monday as Oil prices jumped to three year high after OPEC meeting. Asian markets were trading lower this morning.
Sukhani has suggested BUY Call for Bharat Forge for a target price of Rs 750 with a stop loss at Rs 735. Among FMCG companies, Marico is looking strong at the current levels. Traders can BUY Marico for a target of Rs 565 with a stop loss at Rs 544, as per Sukhani.
Sukhani has suggested SELL Trade for engineering major Cummins for a target of Rs 875 with a stop loss at Rs 905. Traders can initiate a SELL Trade for cement major Shree Cement for a target of Rs 28,800 with a stop loss at Rs 29,400, 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.