Sudarshan Sukhani: BUY ONGC, Bank of Baroda; SELL UltraTech Cement and Trent
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today and we can witness volatile session. However, markets could remain in a narrow range. US markets closed almost flat on Wednesday and global cues have been confusing during the recent trading sessions. Indian markets could remain in consolidation zone.
Sukhani has suggested BUY Call for Buy Oil and Natural Gas Corporation with a stop loss at Rs 159. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. Traders can initiate BUY Trade for PSU banking counter Bank of Baroda with a stop loss at Rs 100.
Sukhani has suggested SELL Call for Trent with a stop loss at Rs 1,100. Sukhani has suggested SELL Trade for cement counter UltraTech Cement with a stop loss at Rs 5,600.
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.