Sudarshan Sukhani: BUY Tata Consumer, Lupin, Axis Bank; SELL HDFC Life
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL call for the day. Indian markets are expected to open strong today and we could expect NSE Nifty to scale 10,000 levels during the trade. US markets closed strong on Tuesday and Asian markets have been trading strong as well. We expect markets to see higher levels today but we could see selling pressure above 10,000 levels.
Sukhani has suggested traders to BUY Axis Bank with a stop loss of Rs 400, target at Rs 430. Market expert Ashwani Gujral has also suggested BUY call for Axis Bank today. Private banks have been gaining strength over the last few trading sessions and momentum in these counters could be used by traders to make money.
Sukhani has also suggested BUY Lupin with a stop loss of Rs 850, target at Rs 900. Pharmaceutical companies are in focus these days as many companies have registered strong sales volume even during lockdowns. Many companies have been upgraded by research houses in the pharmaceutical sector. Sukhani also suggests Buy trade for Tata Consumer with a stop loss of Rs 360, target at Rs 370.
Sukhani has only one SELL call for the day for HDFC Life, purely based on technical charts. Traders can Sell HDFC Life with a stop loss of Rs 505, target at Rs 490. Traders should keep strict stop loss for all the trades. TopNews will review trading call performance by the end of the day.