Sudarshan Sukhani: BUY Tata Power, Mindtree; SELL ITC and PI Industries
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open lower but we can witness buying at lower levels. Markets could see a range-bound session today. The US and European markets closed almost flat on Wednesday and global cues are muted this morning. Asian stocks were trading mixed this morning.
Sukhani has suggested BUY Call for Mindtree with a stop loss at Rs 4,000. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. Traders can initiate a BUY Trade for private power counter Tata Power with a stop loss at Rs 225, as per Sukhani. The stock is looking strong on the charts.
Sukhani has suggested SELL Call for FMCG major ITC with a stop loss at Rs 254. Traders can initiate a SELL Trade for PI Industries with a stop loss at Rs 2,810, 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.