Sudarshan Sukhani: BUY Tech Mahindra, Cummins India, BEL; SELL GSPL
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets have been trading near their all-time highs for indices and Friday was first day with weakness after bullish rally. Markets can see selling pressure today and we can expect a lower opening session. Markets could recover during the afternoon session depending on trends in European markets and US Futures.
Sukhani has suggested BUY Call for Cummins India at current price with a Stop Loss under Rs 1,420. 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 Trade for technology major Tech Mahindra at current price with a stop under Rs 1,019. Sukhani has suggested BUY Call for BEL with a stop under Rs 103. The stock is looking strong on technical charts.
Sukhani has suggested SELL Call for GSPL at current levels with a stop above Rs 269.
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.