Ashwani Gujral: BUY Bharti Airtel, Cipla; SELL Tata Motors, Hindalco and Bajaj Finance
Market analyst Ashwani Gujral has suggested two BUY Calls and three SELL Calls for today’s trading session. Indian markets are expected to open positive today as Asian stocks are trading high after Wall Street closed positive. Technology stocks firmed up in the US markets by the end of the trading session.
Gujral has suggested traders to Buy Bharti Airtel with a stop loss of Rs 520, target at Rs 545. Bharti Airtel has been in focus for the last few trading sessions and the stock takes support from lower levels. The telecom counter offers an interesting play for day traders with its range-bound movements.
Traders can also Buy Cipla with a stop loss of Rs 600, target at Rs 625. Cipla recently touched 52-week high and the stock is having positive technical charts. Traders can benefit by buying Cipla around its daily lows as generally this defensive pharmaceutical stock bounces back.
Another stock on Gujral’s radar for the day is Bajaj Finance. Traders can Sell Bajaj Finance with a stop loss of Rs 2,130, target at Rs 2000. Gujral also suggests Sell for automobile major Tata Motors a stop loss of Rs 88, target at Rs 76. Automobile companies reported zero sales in April (something that has happened for the first time since the sales tracking started) due to coronavirus led lockdowns in India. Gujral has also suggested Sell Call for metals counter Hindalco with a stop loss of Rs 120, target at Rs 106.
Market calls given by Ashwani Gujral yesterday couldn’t be successful. TopNews will review today’s trading calls by the end of the trading session. We suggest traders to keep strict stop loss as markets are highly volatile.