Sudarshan Sukhani: BUY UltraTech Cement; SELL Biocon, M&M Financial and PNB
Technical analyst Sudarshan Sukhani has suggested one BUY Call and three SELL Calls for today’s trading session. Indian markets are expected to open lower and we can witness a range-bound session today. Indian markets are showing strength but global indicators are negative today. US markets dropped on Wednesday after US Federal Reserve announced 75 basis points rate hike. Markets can recover in today’s session and Indian markets will look forward to European and US Futures trends.
Sukhani has suggested BUY Call for cement major UltraTech Cement with a stop below Rs 6,700. The stock is looking strong on the charts. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite.
Sukhani has suggested SELL Call for Biocon with a stop above Rs 273. Traders can SELL M&M Financial with a stop above Rs 199, as per Sukhani.
Sukhani has suggested SELL Trade for public sector banking counter PNB with a stop above Rs 40.
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.