Sudarshan Sukhani: BUY MindTree, Amara Raja; SELL Godrej Consumer and ICICI Prudential
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to recover after yesterday’s massive decline due to border tensions with China. The GDP decline faced by Indian economy in four decades due to COVID-19 pandemic, has been factored in by the markets to a certain extent. However, majority of market experts were looking at much lower decline in GDP numbers.
Sukhani has suggested BUY Call for Amara Raja with a stop loss of Rs 720, target at Rs 745 as the stock is looking strong on the charts. Traders can initiate BUY trade for Mindtree with a stop loss of Rs 1,130, target at Rs 1,200.
Sukhani has suggested SELL call for ICICI Prudential with a stop loss of Rs 430, target at Rs 412. Traders can SELL Godrej Consumer with a stop loss of Rs 660, target at Rs 640, as per Sukhani. The charts for Godrej Consumer suggest weakness in the counter.
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.