Sudarshan Sukhani: BUY UPL, Power Grid; SELL BEL and Can Fin Homes
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open strong today but we could see selling pressure at higher levels. Markets registered strong selling in afternoon session yesterday after RBI announced repo rate. US markets registered strong performance after US Federal Reserve announced rate increase by 50 basis points.
Sukhani has suggested BUY Call for UPL with a stop loss of Rs 816. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. Traders can initiate a BUY Trade for PSU power counter Power Grid with a stop loss of Rs 233, as per Sukhani.
Sukhani has suggested SELL Call for BEL with a stop loss of Rs 238. Traders can SELL Can Fin Homes with a stop loss of Rs 635, 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.