Sudarshan Sukhani: BUY UPL, Jubilant FoodWorks; SELL REC and Tata Motors
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets have corrected in the last couple of sessions and market mood suggests that we could see a decline for today’s trade as well. Indian stocks have been tracking the trends in the global markets and once there is recovery in global indices, we could see Indian stocks stabilizing.
Sukhani has suggested BUY Call for domino’s pizza main franchise in India, Jubilant FoodWorks with a stop loss of Rs 2,275, target at Rs 2,426. Jubilant FoodWorks is looking strong on the charts. – Sukhani has suggested BUY Call for UPL with a stop loss of Rs 520, target at Rs 544.
On the selling front, Sukhani has Tata Motors and REC on his radar for the trading session. Traders can initiate a SELL Trade for Tata Motors with a stop loss of Rs 141, target at Rs 110, as per Sukhani. Traders can SELL REC with a stop loss of Rs 105, target at Rs 88, 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.