Ashwani Gujral: BUY Tech Mahindra, UPL, Coromandel; SELL Bajaj Finance and Indiabulls Housing
Market analyst Ashwani Gujral has suggested three BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive on Tuesday as Asian markets have been trading strong after positive closing for Dow Jones on Monday. Many Indian stocks seem overbought but the momentum has pushed indices higher in the recent weeks. We can expect correction in upcoming weeks but for the current week, the mood is bullish.
Gujral has suggested BUY Call for technology major Tech Mahindra with a stop loss of Rs 775, target at Rs 835. Traders can BUY Coromandel with a stop loss of Rs 780, target at Rs 815, as per Gujral.
Gujral has suggested BUY UPL with a stop loss of Rs 508, target at Rs 530. The stock is looking strong on the charts and has cleared major resistance levels.
Ashwani Gujral has suggested two SELL Calls for today’s session. Traders can SELL Indiabulls Housing Finance with a stop loss of Rs 195, target at Rs 180. Other stock on Gujral’s selling list for the day is Bajaj Finance. Traders can SELL Bajaj Finance with a stop loss of Rs 3,460, target at Rs 3,380.
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.