Sudarshan Sukhani: BUY SBI Life, Alkem Labs; SELL Hero MotoCorp and Exide India
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets have been trading near their all-time highs for major indices and many market participants are looking forward to a correction. Indian market could open lower today and we can expect stock specific action in today’s trading session. US markets closed mixed on Tuesday but European markets closed lower.
Sukhani has suggested BUY Call for Alkem Labs with a stop loss of Rs 3,280, target at Rs 3,365. Traders can initiate a BUY Trade for SBI Life with a stop loss of 1,010, target at Rs 1,040, as per Sukhani.
Sukhani has suggested SELL Call for Exide India with a stop loss of Rs 186, target at Rs 179. Traders can initiate a SELL Trade for automobile major Hero MotoCorp with a stop loss of Rs 2,950, target at Rs 2,880, 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.