Sudarshan Sukhani: BUY Reliance Industries, Deepak Nitrite, Kotak Mahindra Bank; SELL REC
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open flat today as global cues are muted. US and European markets closed negative on Wednesday and Asian markets were trading mixed this morning. Indian markets crossed major resistance for NSE Nifty but couldn’t sustain at higher levels. The selling at higher levels dragged markets down and we are again witnessing volatile sessions.
Sukhani has suggested BUY Call for private banking major Kotak Mahindra Bank with a stop under Rs 1,830. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite.
Sukhani has suggested BUY Call for Deepak Nitrite with a stop under Rs 1,980. Sukhani has suggested BUY Call for Reliance Industries with a stop under Rs 2,550. The stock is looking strong on technical charts.
Traders can initiate a SELL Trade for PSU counter REC with a stop above Rs 121, 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.