Sudarshan Sukhani: BUY UPL, Apollo Hospitals; SELL Coal India and Axis Bank
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets witnessed a major fall in yesterday’s trading session with banking stocks dragging down the markets. Technology stocks were also down yesterday but we can see support coming in from technology counters in today’s trade as majority of stocks have reached their support levels. Markets are expected to trade slightly low today but we may not see correction like yesterday’s trade.
Traders can Buy Apollo Hospitals with a stop loss of Rs 1,775, target at Rs 1,925, as per Sukhani. Market expert Ashwani Gujral has also suggested BUY Call for Apollo Hospitals. Traders can initiate a BUY trade for UPL with a stop loss of Rs 515, target at Rs 561, as per Sukhani.
Sukhani has suggested SELL Call for private banking major Axis Bank with a stop loss of Rs 442, target at Rs 381 as all banking stocks are looking weak on the charts. Sukhani has also suggested SELL Call for Coal India with a stop loss of Rs 126, target at Rs 110.
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.