Ashwani Gujral: BUY Axis Bank, HDFC Bank, ICICI Bank, Bajaj Finance and Maruti
Market expert Ashwani Gujral has five BUY Calls for traders for today. Indian markets closed strong last week after facing many weeks of massive decline in valuations for Sensex and majority of listed companies. Indian markets are expected to open slightly positive considering the positive sentiment in the global markets after few weeks of panic selling.
Indian markets could remain range-bound for today’s trade and there can be many exciting trading options for high-risk traders. Gujral has private banks on his BUY list today.
Gujral suggests traders to initiate Buy in private banking major Axis Bank with a stop loss of Rs 470, target at Rs 510. Another major private bank is on Gujral’s radar for today. Traders can Buy ICICI Bank with a stop loss of Rs 368, target at Rs 390.
Third recommendation from Gujral is again for a private bank. Traders can BUY HDFC Bank with a stop loss of Rs 900, target at Rs 935.
Bajaj Finance has been in focus for the last few trading sessions. As the stock recently touched 52-week and received buying support at lower levels, it has come in a trading zone. Traders can Buy Bajaj Fiannce with a stop loss of Rs 2,260, target at Rs 2,400.
Automobile major Maruti witnessed massive decline in valuations during the last few trading weeks. However, the stock recovered by nearly 25 percent from its 52-week low touched few days ago. Traders can Buy Maruti with a stop loss of Rs 5,300, target at Rs 5,900.