Sudarshan Sukhani: BUY TCS, Glenmark Pharma, Manappuram Finance; SELL Shriram Transport
Technical analyst Sudarshan Sukhani has suggested three BUY calls and one SELL call for today’s session, suggesting bullish sentiment. Indian markets missed to cross 10,000 levels for NSE Nifty on Monday but traders are expecting sustained buying will help markets scale this level in upcoming trading sessions. Asian stocks have opened strong and NSE Nifty could open with gains of 70-80 points. US markets closed slightly positive on Monday. European markets have firmed up in the recent trading sessions as many economies across Europe have opened up in the recent days.
Sudarshan Sukhani has suggested BUY call for software major Tata Consultancy Services with a stop loss of Rs 1,980, target at Rs 2,100. Sukhani also has pharmaceutical counter Glenmark Pharma on his buying list for the trading session. Traders can BUY Glenmark Pharma with a stop loss of Rs 350, target at Rs 390.
Sukhani has also suggested Buy Call for gold finance company Manappuram Finance with a stop loss of Rs 127, target at Rs 136. Market experts feel that gold and small finance companies could see a spike in business as many people would be facing cash crunch due to COVID-19 lockdowns.
Only sell call from Sukhani for today’s session is for Shriram Transport. Traders can Sell Shriram Transport with a stop loss of Rs 600, target at Rs 550.
TopNews will review performance of trading calls by the end of the trading session. Traders should keep strict stop loss for all the trades as markets are highly volatile and any trade that doesn’t go as per suggested, could result is major loss in absence of Stop Loss.