Sudarshan Sukhani: BUY Tata Consumer, Bharti Airtel; SELL Indibulls Housing and Gujarat Gas
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open flat today and we can expect selling pressure in the markets. Markets have been trading firm for the last few weeks and many market participants are waiting for a healthy correction in the markets. While the trend has remained positive because global markets are trading strong, a correction would be good for equities as some stocks are at overstretched valuations.
Sukhani has suggested BUY Call for telecom major Bharti Airtel for a target of Rs 696 with a stop loss at Rs 678. Among FMCG stocks, Tata Consumer is on Sukhani’s radar. Traders can BUY Tata Consumer for a target of Rs 895 with a stop loss at Rs 865, as per Sukhani.
Sukhani has suggested SELL trade for Indiabulls Housing Finance for a target price of Rs 224 with a stop loss at Rs 231. Sukhani has suggested SELL Call for Gujarat Gas for a target of Rs 670 with a stop loss at Rs 688.
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.