Sudarshan Sukhani: BUY TCS, Atul Auto; SELL Godrej Consumer
Technical analyst Sudarshan Sukhani has suggested two BUY Calls and one SELL Call for today’s trading session. Indian markets have been showing signs of weakness over the last few trading sessions. New COVID-19 variant and weakness in the US markets has led to a decline in Indian equities last week. The trend seems bearish for the moment and we can expect markets to trade lower today. Depending on the European indices and opening trades in US markets, we could see some recovery during the end of the trading session.
Sukhani has suggested BUY Call for Atul Auto with a stop loss at Rs 8,670. Sukhani has not given target price for the calls over the last few weeks. The markets are trading around their all time highs and many stocks are also at their all time highs. In such situations, stocks can rise much higher and it isn’t easy to set a target price. Traders can select their own target, based on their risk appetite.
Sukhani has suggested BUY Call for technology major TCS with a stop loss at Rs 3,535. The stock is looking strong on the charts.
Sukhani has suggested SELL Trade for FMCG major Godrej Consumer with a stop loss at Rs 928.
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.