Sudarshan Sukhani: BUY United Breweries, BEL and JSW Steel; SELL SBI Life
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. US markets closed positive on Monday with Dow Jones gaining nearly 1.4 percent. Indian markets are expected to open slightly positive.
Sukhani has suggested BUY Call for BEL with a stop loss of Rs 112, target at Rs 118. Other stock looking strong on the charts is United Breweries. Traders can initiate BUY trade in UBL with a stop loss of Rs 1,034, target at Rs 1,094, as per Sukhani.
JSW Steel has given a breakout and it is looking strong on technical charts. Traders can BUY JSW Steel with a stop loss of Rs 276, target at Rs 307, as per Sukhani.
Traders can SELL SBI Life with a stop loss of Rs 875, target at Rs 843, 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.