Sudarshan Sukhani: BUY UltraTech Cement, Jubliant FoodWorks; SELL IGL and Indigo
Technical Analyst Sudarshan Sukhani has suggested two BUY calls and two SELL calls for today’s trading session. Indian markets are expected to open slightly negative today as global markets have been trading low due to renewed coronavirus fears. The number of infections has been rising fast in the United States, Brazil, Russia and India.
Traders can BUY Domino’s main franchisee for India, Jubilant Food with a stop loss of Rs 1,700, target at Rs 1,830, as per Sukhani. Jubilant FoodWorks has been in focus over the last few trading sessions and we could see momentum in the stock taking it higher.
From cement sector, UltraTech Cement looks strong on the charts. Traders can BUY UtraTech Cement with a stop loss of Rs 3,800, target at Rs 3,950.
Sudarshan Sukhani has suggested two SELL call for today’s trade. Traders can SELL IGL with a stop loss of Rs 464, target at Rs 414.
Traders can also initiate Sell trade in aviation major IndiGo with a stop loss of Rs 1,050, target at Rs 1,000, as per Sudarshan Sukhani.
TopNews will review trading call performance by the end of the trading session. All traders should be conducted with strict stop loss as markets are highly volatile and Stop Loss manages to reduce the loss in case the trade doesn’t go as planned.