Ashwani Gujral: BUY Bajaj Finance, HDFC, Reliance Industries, SBI and Tata Steel
Market analyst Ashwani Gujral has suggested only BUY Calls for today’s session, suggesting a bullish outlook for Indian markets. We have witnessed strong moves in Indian stocks over last couple of weeks and momentum could continue if global markets remain strong. Some analysts are also expecting a small correction in stocks but the major movement in the markets can only be seen once we get the quarterly results. The impact of COVID-19 will only be clear once the companies announce their results for quarter ending in June 2020.
Gujral has suggested Buy Call for finance major HDFC with a stop loss of Rs 1,900, target at Rs 2,050. Market expert Prakash Gaba has also suggested HDFC for today’s trade. Other stock on Gujral’s list for the day is Bajaj Finance. Traders can initiate a Buy trade in Bajaj Finance with a stop loss of Rs 3,300, target at Rs 3,420.
Gujral has also suggested Buy Call for Reliance Industries with a stop loss of Rs 1,800, target at Rs 1,910. The company announced yet another deal for with energy major BP for fuel and mobility joint venture.
Gujral has suggested Buy call for Tata Steel with a stop loss of Rs 340, target at Rs 355. Public sector banking major SBI is also on Gujral’s buying list for the day. Traders can Buy SBI with a stop loss of Rs 195, target at Rs 210.
All trades should be conducted with strict Stop Loss in order to avoid any major loss in case the markets don’t perform as expected. TopNews will review trading call performance by the end of the trading session.