Ashwani Gujral: BUY BPCL, Axis Bank, Bajaj Finance, Tata Motors and Tata Steel
Market expert Ashwani Gujral has suggested five BUY Calls and no SELL call for today’s session, suggesting a positive sentiment for Indian stocks. Indian markets witnessed quick selling yesterday and we noticed small recovery towards the end of the trading session. The markets closed nearly 1.6 percent lower yesterday. US markets closed slightly positive on Monday with Dow Jones gaining 0.62 percent. The US Federal Reserve has indicated about fresh moves to support financial sector but details of the plans are awaited.
Gujral has suggested BUY Call for Tata Steel with a stop loss of Rs 300, target at Rs 321. Automobile major Tata Motors is also on Gujral’s radar for the trading session. Traders can initiate a BUY trade in Tata Motors with a stop loss of Rs 96, target at Rs 108.
Gujral has also suggested BUY Call for personal finance major Bajaj Finance. Traders can BUY Bajaj Finance with a stop loss of Rs 2,300, target at Rs 2,450.
Private Banking major Axis Bank is also on Gujral’s buying list. Traders can BUY Axis Bank with a stop loss of Rs 380, target at Rs 405. Gujral has also initiated a BUY Call for oil PSU BPCL with a stop loss of Rs 350, target at Rs 375.
Indian markets are expected to open positive today, tracking the strength in Asian markets. As the US markets have shown positive trend and Indian stocks were lower yesterday, we can expect a small pullback rally in stocks today.