Sudarshan Sukhani: BUY Titan, Cipla, UltraTech Cement; SELL Tata Steel
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open lower as Asian stocks have been trading low today. Dow Jones closed almost flat on Wednesday after the US Federal Reserve announced that it would prefer to meet the inflation target below 2 percent and interest rates could remain low for the next two years.
Sukhani has suggested BUY Call for pharmaceutical major Cipla with a stop loss of Rs 729, target at Rs 805. Cipla is looking strong on the charts and the stock is hovering around its 52-week highs. Sukhani has also suggested a BUY Trade for cement major UltraTech Cement with a stop loss of Rs 3,900, target at Rs 4,060.
Watches and jewelry maker Titan is on Sukhani’s radar for the trading session. Traders can BUY Titan with a stop loss of Rs 1,160, target at Rs 1,205, as per Sukhani.
The one SELL Call for today’s session is for Tata Steel. Traders can initiate a SELL Trade for Tata Steel with a stop loss of Rs 414, target at Rs 383, 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.