Sudarshan Sukhani: BUY Tata Consumer, Muthoot Finance, BPCL; SELL Gujarat Gas
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open slightly positive today and we can witness a range-bound session with positive bias. Indian markets are hovering around all-time highs for NSE Nifty and market sentiment is bullish. Markets are also looking for global signals before future course of action. Stocks are slightly overvalued but majority of blue-chip companies have reported strong quarterly numbers.
Sukhani has suggested BUY Call for PSU energy major Bharat Petroleum Corporation (BPCL) at current levels with a stop loss at Rs 311. 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 gold finance major Muthoot Finance at current price with a stop loss at Rs 1,060. Tata Consumer has given a breakout after the company announced acquisition of Bisleri. Sukhani has suggested BUY Call for Tata Consumer Products with a stop loss at Rs 767.
Sukhani has suggested SELL Trade for Gujarat Gas with a stop loss at Rs 497. The stock is looking weak on the charts.
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.