Sudarshan Sukhani: BUY Pidilite Industries, Lupin; SELL Mahanagar Gas and SUN TV
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets have been gaining ground for the last many trading sessions and we can expect small correction in today’s session. Asian stocks have been trading low this morning and US markets closed half percent lower on Tuesday.
Sukhani has suggested BUY Call for pharmaceutical major Lupin. Majority of bigger pharmaceutical stocks are trading near their 52-week high and they are looking strong on the technical charts. Traders can BUY Lupin with a stop loss of Rs 1,025, target at Rs 1,101, as per Sukhani. Other stock on Sukhani’s buy list for the day is Pidilite Industries. Traders can BUY Pidilite Industries with a stop loss of Rs 1,465, target at Rs 1,512, as per Sukhani.
Sukhani has suggested SELL Trade for Sun TV Network with a stop loss of Rs 446, target at Rs 436. Traders can initiate a SELL Trade for Mahanagar Gas with a stop loss of Rs 800, target at Rs 770, 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.