Sudarshan Sukhani: BUY Siemens, Mphasis, MCX; SELL Jubilant FoodWorks
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower today and we could witness selling pressure in the markets. The mood in global markets is neutral with US markets still concerned about imminent rate hikes. Indian markets are looking forward to global peers for future direction. The mood in local markets is still positive.
Sukhani has suggested BUY Call for Mphasis at current levels with a stop loss at Rs 1975. The stock is looking strong on the charts. 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 engineering major Siemens at current price with a stop loss at Rs 2,850.
Sukhani has suggested BUY Trade for MCX at current price with a stop loss at Rs 1,456. The stock is looking strong on technical charts.
Sukhani has suggested SELL Call for Domino’s Pizza main franchisee Jubilant FoodWorks at current levels with a stop loss at Rs 498.
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.