Sudarshan Sukhani: BUY M&M, Dr Reddy’s, ONGC; SELL Asian Paints
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today and we can witness a volatile session. Markets are lacking direction and have witnessed strong performance over the last few trading sessions. While the market sentiment is positive, there could be selling at higher levels. US markets have also firmed up in the last few sessions but selling is witnessed at higher levels.
Sukhani has suggested BUY Call for pharmaceutical major Dr Reddy's Laboratories with a stop loss under Rs 4,250. The stock is looking strong on the charts. Traders can BUY on declines. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite.
Sukhani has suggested BUY Trade for automobile major Mahindra & Mahindra at current levels with a stop loss under Rs 1,240. Sukhani has suggested BUY Call for PSU energy major ONGC with a stop loss under Rs 129.
Sukhani has suggested SELL Call for Asian Paints with a stop loss above Rs 3,159.
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.