Sudarshan Sukhani: SELL LIC Housing, Mahindra & Mahindra Finance, ITC; BUY Hero MotoCorp
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 but we can witness a highly volatile session today. Markets are looking for direction from trends in the global markets. Nasdaq and Dow Jones have witnessed sharp correction but there has been a consolidation on Monday.
Sukhani has suggested SELL Call for PSU housing finance major LIC Housing Finance with a stop loss at Rs 350. Sukhani has suggested SELL Call for financial services counter Mahindra & Mahindra Financial Services with a stop loss at Rs 155.
FMCG major ITC is on Sukhani’s selling list for the day. Traders can SELL ITC with a stop loss at Rs 215.
Sukhani has suggested BUY Call for Hero MotoCorp with a stop loss at Rs 2,650. The stock is looking strong on the charts and can witness a rally once the market conditions improve.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.