Sudarshan Sukhani: BUY MRF; SELL Coal India and LIC Housing
Technical analyst Sudarshan Sukhani has suggested one BUY Call and two SELL Calls for today’s trading session. Indian markets are expected to open slightly lower today and we can witness selling pressure among many blue-chip counters today. Banking and pharmaceutical counters are expected to be among the top traders in today’s session. US markets closed slightly negative on Wednesday and Asian markets were trading lower this morning.
Traders can initiate a BUY Trade for type manufacturer MRF with a stop loss at Rs 78,210, as per Sukhani. The stock is looking strong on the charts and automobile companies are reporting strong numbers. This should help tyre manufacturers in the near term.
Sukhani has suggested SELL Trade for LIC Housing Finance with a stop loss at Rs 417. The stock is looking weak on the technical charts. Sukhani has suggested SELL Call for PSU energy major Coal India with a stop loss at Rs 159.3. Sukhani has not given any target price for the calls and traders can decide their own target price for these calls.
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.