Sudarshan Sukhani: BUY Sun Pharma, Tata Motors, Apollo Hospitals; SELL McDowell
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open strong today after yesterday’s strong closing. Indian markets cheered the steps announced by Finance Minister in the Union Budget presented yesterday. Indian markets had witnessed a steep decline for the last few trading sessions and yesterday’s session recovered majority of loss witnessed by indices.
Sukhani has suggested BUY Trade for Apollo Hospitals with a stop loss of Rs 2,621, target at Rs 2,772. Apollo Hospitals is looking strong the charts. Traders can BUY Sun Pharma with a stop loss of Rs 578, target at Rs 624, as per Sukhani.
Sukhani has suggested BUY Trade for automobile major Tata Motors with a stop loss of Rs 265, target at Rs 311.
As the government announced cess on alcoholic beverages in the budget, liquor companies are under stress. Traders can SELL McDowell with a stop loss of Rs 589, target at Rs 543, 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.