Sudarshan Sukhani: BUY PI Industries, Mphasis, Dr Reddy’s; SELL Bajaj Auto
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets have been trading near their all-time highs and some market participants have turned cautious. The mood in the global markets is still positive and Nasdaq touched all-time high in yesterday’s session. Asian markets have been trading lower today and we can expect a negative opening for Indian markets as well.
Thakkar has suggested BUY Call for pharmaceutical major Dr Reddy's with a stop loss of Rs 5,340, target at Rs 5,480. Traders can BUY PI Industries with a stop loss of 2,910, target at Rs 2,980, as per Thakkar.
Thakkar has suggested BUY Call for Mphasis with a stop loss of Rs 2,025, target at Rs 2,080. The stock is looking strong on the charts.
Thakkar has suggested SELL Trade for automobile major Bajaj Auto with a stop loss of Rs 4,230, target at Rs 4,130.
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.