Stock Market Expert Ashwani Gujral has suggested a buy call on Union Bank. For Union Bank, Mr. Gujral has suggested a stop loss of Rs 190 on closing. The stock closed yesterday at Rs 209 on NSE. Union Bank is currently trading with a loss of Rs 2.5 on NSE. Short term target for the stock is Rs 250.

Union Bank has touched a 52-week high of Rs 250 on NSE and is currently trading with a P/E ratio of 9.72.

Most technical analysts are suggesting investors to have patience and are suggesting long term calls in some fundamentally strong stocks only.

Stock markets have been very volatile during past two weeks. Long term investors can buy some stocks which are looking attractive. Short term outlook for the market is bearish, however in long term, markets may offer decent returns.