Ashwani Gujral: BUY Bharti Airtel, Maruti Suzuki, Britannia; SELL Powder Grid and Asian Paints
Market expert Ashwani Gujral has suggested three BUY calls and two SELL calls for today’s trade. Indian markets are expected to open slightly lower today as Asian markets are trading mixed and US market closed lower on Wednesday. Indian markets are facing selling pressure at higher levels and we need sustained buying in order to cross the immediate resistance levels for the markets.
Gujral has suggested BUY call for automobile major Maruti with a stop loss of Rs 5,700, target at Rs 5,850. Maruti stock has managed to trade above Rs 5600 in the recent trading sessions and we could see further momentum in this counter as the company will announce sales numbers after lockdowns have been lifted.
Gujral has also suggested Buy call for Bharti Airtel with a stop loss of Rs 555, target at Rs 580. Traders can BUY FMCG major Britannia with a stop loss of Rs 3,390, target at Rs 3,470, as per Gujral.
On the selling side, Gujral has two stocks on his radar for the trading session. Traders can initiate a Sell trade in Asian Paints with a stop loss of Rs 1,620, target at Rs 1,550. Gujral also suggests Sell call for PowerGrid with a stop loss of Rs 165, target at Rs 152.
TopNews will review trading call performance by the end of the trading session. Traders should keep strict stop loss for all the trades.