Sudarshan Sukhani: BUY Siemens, IRCTC; SELL HPCL and Apollo Tyres
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Markets are hovering around their all-time highs for major indices and the mood still seems bullish. However, many market participants feel that a correction at this stage would be good for overall markets as some stocks have overstretched valuations. US markets closed mixed on Wednesday and European markets were slightly positive.
Sukhani has suggested BUY Call for IRCTC for a target of Rs 2,530 with a stop loss at Rs 2,460. Traders can BUY engineering major Siemens for a target of Rs 2,070 with a stop loss at Rs 2,025, as per Sukhani.
Sukhani has suggested SELL Apollo Tyres for a target of Rs 776 with a stop loss at Rs 794. Traders can SELL PSU oil major Hindustan Petroleum for a target of Rs 268 with a stop loss at Rs 275, 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.