Sudarshan Sukhani: BUY Mindtree, Colgate Palmolive; SELL Vedanta and Havells India
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 the US markets closed in the red yesterday after Federal Reserve meeting. Stocks markets have been trading around their all-time highs and many market participants are looking forward to a healthy correction as many stocks seem overvalued at current levels.
Sukhani has suggested BUY Call for FMCG major Colgate Palmolive with a stop loss of Rs 1,690, target at Rs 1,740. Traders can initiate a BUY Trade for technology counter Mindtree with a stop loss of 2,435, target at Rs 2,510, as per Sukhani.
Sukhani has suggested SELL trade for Havells India with a stop loss of Rs 1,018, target at Rs 990. Traders can initiate a SELL trade for metal counter Vedanta with a stop loss of Rs 269, target at Rs 259, 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.