Sudarshan Sukhani: BUY TVS Motor, SBI Life, TCS; SELL IGL
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL call for today’s trade. Indian markets are expected to open strong on Thursday but we could see selling pressure at higher levels. Overall, the trend in the markets is positive as NSE Nifty has crossed major hurdle of 10,350 recently.
Traders can Buy TVS Motor with a stop loss of Rs 377, target at Rs 390 as per Sukhani. Technology major TCS is looking strong on the charts as per Sukhani. Traders can Buy TCS with a stop loss of Rs 2,065, target at Rs 2,130.
Other stock from financial services sector on Sukhani’s buy list for the day is SBI Life. Traders can Buy SBI Life with a stop loss of Rs 779, target at Rs 829.
IGL is looking weak on the charts and Sukhani has suggested SELL call for IGL. Traders can Sell IGL with a stop loss of Rs 448, target at Rs 428, as per Sukhani’s view for the trading session.
Indian government has banned many Chinese apps and this move has been termed as unfair by Chinese government. Due to border tussle between Indian and Chinese armies, many people in India have urged government to ban Chinese products. However, it will be really difficult for India to ban Chinese products. India imports many components for technology, automobile, manufacturing and many other industries from China. Without these components, it will be very difficult for many industries to continue with their operations. Pharmaceutical sector depends on 70% of their apis on China and without import from China, these companies will be facing a major disruption.