Sudarshan Sukhani: SELL UltraTech Cement, Hindalco, Birlasoft; BUY TVS Motor
Technical analyst Sudarshan Sukhani has suggested three SELL Calls and one BUY Call for today’s trading session. Indian markets are expected to open weak today and we could face sustained selling pressure. Markets are following the trends in global markets and US stocks closed negative on Friday.
Sukhani has suggested SELL Call for metal counter Hindalco with a stop loss at Rs 405. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. Traders can initiate a SELL Trade for cement major UltraTech Cement with a stop loss at Rs 5,600, as per Sukhani.
Sukhani has suggested SELL Call for Birlasoft with a stop loss at Rs 367. The stock has been losing ground in the recent times and looks weak on technical charts.
Sukhani has suggested BUY Call for automobile major TVS Motor with a stop loss at Rs 720.
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.