Sudarshan Sukhani: BUY Vedanta, Canara Bank, M&M Financial; SELL Lupin
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open flat today and we might witness selling pressure at higher levels. US markets witnessed volatile session on Tuesday but closed flat. US and China are facing small tensions over Nancy Pelosi’s visit to Taiwan.
Sukhani has suggested BUY Call for public sector banking major Canara Bank with a Stop Loss of Rs 223. 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 BUY Call for M&M Financial with a stop loss of Rs 184. Traders can initiate a BUY Trade for metal counter Vedanta with a stop loss of Rs 246, as per Sukhani.
Sukhani has suggested SELL Call for pharmaceutical major Lupin with a stop loss of Rs 641.
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.