Ashwani Gujral: BUY Bajaj Finance, IndusInd Bank, Axis Bank, ICICI Bank; SELL Tata Steel
Market expert Ashwani Gujral has suggested four BUY Calls for private banks and financial services major Bajaj Finance and just a single SELL call for Tata Steel. Indian markets could open positive as Prime Minister Narendra Modi announced Rs 20 lakh crore stimulus package to help Indian economy deal with the troubles caused by COVID-19 pandemic. US markets declined yesterday with Dow Jones shedding nearly 400 points by the end of the trading session.
Gujral suggests traders to Buy Bajaj Finance with a stop loss of Rs 2,040, target at Rs 2,120. Bajaj Finance is favorite stock for traders these days and the stock has witnessed strong momentum and everyday movement. Gujral also has three private banks on his buying list for today’s trade.
Traders can Buy IndusInd Bank with a stop loss of Rs 440, target at Rs 475. Gujral also suggests BUY Call for Axis Bank and ICICI Bank. Traders can Buy Axis Bank with a stop loss of Rs 380, target at Rs 397. Traders can also initiate a Buy trade in ICICI Bank with a stop loss of Rs 315, target at Rs 342.
Only SELL Call from Gujral for today’s session is for steel major Tata Steel. Gujral has suggested Sell for Tata Steel with a stop loss of Rs 278, target at Rs 263. TopNews will review the performance of trading calls by the end of the trading session. All traders should keep strict stop loss for all the trades.