Ashwani Gujral: BUY Bajaj Auto, ITC, ICICI Bank, Tech Mahindra and Kotak Mahindra Bank
Market analyst Ashwani Gujral has suggested five BUY Calls and no SELL calls, suggesting a bullish outlook for Indian markets. The markets have been trading strong for the last few weeks and many market experts are looking forward to a healthy correction. However, the bulls are in-charge of the market at the moment and traders should be very cautious as bears could step in at any moment. The current rally has been supported by Reliance Industries as the company has surprised investors with massive investments from tech majors and big funds in its Jio Platforms.
Gujral has suggested BUY Calls for ITC, Bajaj Auto and Tech Mahindra and these three stocks are also on BUYING list of market expert Prakash Gaba. Traders can Buy ITC with a stop loss of Rs 196, target at Rs 212, as per Ashwani Gujral.
Gujral has suggested BUY call for Bajaj Auto with a stop loss of Rs 3,000, target at Rs 3,120. Gujral also suggests Buy for Tech Mahindra with a stop loss of Rs 628, target at Rs 645.
Among private banks, Gujral has suggested BUY call for Kotak Mahindra Bank and ICICI Bank. Traders can Buy ICIC Bank with a stop loss of Rs 388, target at Rs 410, as per Gujral. Traders can initiate a Buy Trade in Kotak Mahindra Bank with a stop loss of Rs 1,360, target at Rs 1,410, as per Gujral.
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.