Sudarshan Sukhani: BUY NTPC, Bharti Airtel, Voltas; SELL Indigo
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trade. Indian markets are expected to open negative today and we could see selling pressure in many index stocks. Markets have been trading strong over the last few weeks and there hasn’t been any correction. While many index stocks are looking over-valued, investors are still pouring money in the blue-chip stocks.
Sukhani has suggested BUY Trade for telecom major Bharti Airtel with a stop loss of Rs 552, target at Rs 628. Traders can BUY PSU power utility NTPC with a stop loss of Rs 98, target at Rs 113, as per Sukhani.
Sukhani has suggested BUY Call for Voltas with a stop loss of Rs 885, target at Rs 910 as the stock is looking strong on the charts.
Sukhani has suggested SELL Trade for aviation major Indigo Airlines. The stock has been on Sukhani’s radar for the last couple of sessions. Traders can SELL IndiGo with a stop loss of Rs 1,690, target at Rs 1,539, 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.