Ashwani Gujral: BUY Bajaj Finance, Shriram Transport, Manappuram Finance; SELL Titan Company and PVR
Market Analyst Ashwani Gujral has suggested three BUY calls and two SELL calls for traders in today’s session. Indian markets are expected to open strong on Thursday as Dow Jones jumped by nearly 3.4 percent on Wednesday. The markets will be closed tomorrow on account of Good Friday.
Ashwani Gujral has BUY calls for Bajaj Finance and Manappuram Finance in today’s trade. Gujral suggested BUY for Bajaj Finance with a stop loss of Rs 2,300 and a target price of Rs 2,410. Bajaj Finance has declined massively in the recent trading sessions and the stock has taken support from lower levels. We could see strength due to pullback rally in Bajaj Finance.
Manappuram Finance is another BUY CALL on Gujral’s list for the day with a stop loss of Rs 102 and a target price of Rs 117. Traders should keep strict stop loss as markets are very volatile.
Gujral has SELL call for Titan Company with a stop loss of Rs 920 and a target price of Rs 885. Another stock on Gujral’s SELL list is PVR. Traders can SELL PVR with stop loss of Rs 960 and a target price of Rs 900.
Gujral also suggested BUY call for Shriram Transport Finance Corporation with a stop loss of Rs 585 and a target price of Rs 620. Markets are expected to remain strong for the trading session and we could see selling pressure at higher levels. For NIFTY, 9000 is a major resistance and closing above 9,000 could boost sentiment of investors.