Sudarshan Sukhani: BUY Tata Consumer, Torrent Pharma, Bharat Forge and Kotak Mahindra Bank
Technical analyst Sudarshan Sukhani has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to witness a gap-up opening today. US markets closed positive on Thursday as investing community feels that US could avoid a recession and Federal Reserve could cut short its interest rate hike plans. Asian markets were trading strong this morning. We could see sustained buying in today’s trade.
Sukhani has suggested BUY Call for pharmaceutical counter Torrent Pharma with a stop loss at Rs 2,810. 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 Bharat Forge with a stop loss at Rs 633. Traders can initiate a BUY Trade for FMCG counter Tata Consumer with a stop loss at Rs 707. The stock is looking strong on the charts.
Sukhani has suggested BUY Call for private banking major Kotak Mahindra Bank with a stop loss at Rs 1,640.
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.