Sudarshan Sukhani: SELL BPCL, Mahindra & Mahindra, SBI; BUY CoForge
Technical analyst Sudarshan Sukhani has suggested three SELL Calls and one BUY Call for today’s trading session. Indian markets are expected to open lower today, mainly due to COVID-19 concerns in India. The negative market sentiment can lead to major decline in indices and can present a buying opportunity at lower levels. Traders should be cautious in any of the trades today and intraday trading should be avoided due to high volatility in today’s session.
Sukhani has suggested SELL Trade for automobile major Mahindra & Mahindra with a stop loss of Rs 800, target at Rs 780. Traders can SELL Oil PSU BPCL with a stop loss of Rs 420, target at Rs 431, as per Sukhani.
Sukhani has suggested SELL Trade for PSU lender State Bank of India with a stop loss of Rs 358, target at Rs 347.
Sukhani has suggested only one BUY Call for today’s trade. Traders can BUY CoForge with a stop loss of Rs 3,120, target at Rs 3,245, 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.