Sudarshan Sukhani: SELL Ambuja Cement, SAIL; BUY ONGC and Bajaj Auto
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to witness a volatile session, mainly due to uncertainty in the global markets. Due to ongoing Russia-Ukraine issue, US and European markets have been witnessing negative sentiment. The price for crude oil has touched 52-week high yesterday and gold prices also firmed up this week. Indian markets are expected to remain lower for today’s trade and any positive move could be used for selling.
Sukhani has suggested SELL Call for PSU steel major SAIL with a stop loss at Rs 100. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite.
Sukhani has suggested SELL Call for Ambuja Cement with a stop loss at Rs 365. The stock is looking weak on the charts.
Traders can BUY automobile major Bajaj Auto with a stop loss at Rs 3,400, as per Sukhani. Other stock on Sukhani’s radar for the session is ONGC. Traders can BUY PSU energy major ONGC with a stop loss at Rs 160, 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.