Sudarshan Sukhani: BUY Polycab India, BEL; SELL Ramco Cements and UPL
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets can witness selling pressure today as the markets could remain negative today. NSE Nifty could take support from 19300 but if this support is broken, we could see further selling in the markets. US and European markets have been giving mixed signals but Indian equities are looking negative for short term.
Sukhani has suggested BUY Call for BEL at current price. BEL has been having a consistent uptrend and could outperform the markets. Sukhani has suggested BUY Call for BEL with Stop Loss under Rs 127. Sukhani doesn’t offer target for stocks and traders can keep their own target depending on risk appetite.
Sukhani has suggested BUY Call for Polycab India at current price with Stop Loss at Rs 4460.
Sukhani has suggested intraday SELL Call for UPL at current price with Stop Loss at Rs 612. The stock is looking weak on the charts and could see further decline.
Sukhani has suggested SELL Call for Ramco Cements at current price with Stop Loss at Rs 861. The stock is looking weak on the charts and could see further selling.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.