Sudarshan Sukhani: BUY Torrent Pharma, ACC; SELL M&M Finance and PVR
Technical analyst Sudarshan Sukhani has suggested two buy calls and two sell calls for today’s trading session. Indian markets are expected to trades slightly negative on Tuesday as Asian markets have been mixed. US markets closed negative on Monday with Dow Jones losing nearly 2.4 percent by the end of the trading session.
Sukhani has suggested BUY call for Torrent Pharma with a stop loss of Rs 2,260, target at Rs 2,370. Another stock on Sukhani’s list is cement major ACC. Traders can Buy ACC with a stop loss of Rs 1,140, target at Rs 1,220, as per Sukhani.
On the Selling list for the day are M&M Finance and multiplex operator PVR. Traders can Sell M&M Finance with a stop loss of Rs 170, target at Rs 160. For multiplex operator PVR, Sukhani suggests SELL trade with a stop loss of Rs 1,190, target at Rs 1,070. PVR might face tough times in near future as the multiplex and shopping mall business will suffer all over the country.
While there is no clarity about the economic impact of coronavirus, we might see movement in the markets based on news about the virus over the next few weeks. Many countries have taken strict measures to deal with the virus but the situation is still not under control. With number of infections rising, medical professionals are facing new challenges every day.
Traders should be cautious and should keep strict stop loss for all the trades.