Sudarshan Sukhani: BUY Alembic Pharma, L&T Finance; SELL Hindalco
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and one SELL Call for short term traders. Indian markets are expected to open strong today but we can witness selling pressure at higher levels. After Diwali, it will be the first trading session for Indian markets and market participants have a bullish outlook for the market. Asian markets were trading positive this morning. US markets closed negative on Friday after a strong performance during the trading session.
Sukhani has suggested BUY Call for L&T Finance for a target of Rs 94-95 with a stop loss at Rs 84.20. Traders can initiate a BUY trade for Alembic Pharma at current levels with a stop loss at Rs 765. Sukhani has not been providing target price for the last few trading sessions. Traders can find a suitable exit point while keeping the stop loss.
Sukhani has suggested SELL Trade for metal counter Hindalco with a stop loss at Rs 482. The stock is looking weak on the charts.
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.