Sudarshan Sukhani: BUY Maruti Suzuki, Indian Hotels; SELL Crompton Greaves and Apollo Hospitals
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 as global sentiment has turned bearish. Indian market was expected to stage a recovery this week but we could see a range-bound session due to selling pressure. Global markets are trading lower due to rising interest rates and high inflation.
Sukhani has suggested BUY Call for Indian Hotels at current levels with a Stop Loss under Rs 308. 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 automobile major Maruti Suzuki at current levels with a Stop Loss under Rs 8,285.
Sukhani has suggested SELL Call for Apollo Hospitals at current levels with stop loss above Rs 4680. Sukhani has suggested SELL Trade for electrical equipment manufacturer Crompton Greaves at current levels with stop loss above Rs 346.
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.