Sudarshan Sukhani: BUY Tech Mahindra, L&T; SELL Maruti Suzuki and Cholamandalam
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today as the US and European markets closed strong on Tuesday. Indian markets staged a smart recovery in yesterday’s session and we can expect markets to see positive move today as well. Mid-cap stocks are expected to recover in today’s session.
Sukhani has suggested BUY Call for infrastructure major L&T for a target price of Rs 1,750 with a stop loss at Rs 1,700. Traders can initiate a BUY Trade for technology major Tech Mahindra for a target of Rs 1,480 with a stop loss at Rs 1,445, as per Sukhani.
Automobile major Maruti Suzuki is on Sukhani’s selling list for the trading session. Traders can SELL Maruti Suzuki for a target of Rs 6,680 with a stop loss at Rs 6,870. Sukhani has suggested SELL Call for Cholamandalam Investment and Finance for a target of Rs 570 with a stop loss at Rs 585. 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.