Ashwani Gujral: BUY Britannia, Asian Paints; SELL Axis Bank, HDFC and Tata Steel

Ashwani Gujral: BUY Britannia, Asian Paints; SELL Axis Bank, HDFC and Tata Steel

Market expert Ashwani Gujral has suggested two BUY calls and three SELL Calls for today’s trading session. Indian markets are expected to open positive today and we could see selling pressure at higher levels.

Gujral suggests traders to Buy Britannia with a stop loss of Rs 3,160, target at Rs 3,240. Britannia has been in focus over the last few trading sessions. As FMCG companies managed to generate good sales even during COVID-19 lockdowns, traders and long term investors are excited about quarterly results of FMCG majors. We can see strength in stocks like Britannia, ITC and Hindustan Unilever.

Other stock on Gujral’s buy list for the day is Asian Paints. Traders can Buy Asian Paints with a stop loss of Rs 1,595, target at Rs 1,650.

Gujral has two private sector banks on his SELL list for the day. Traders can SELL Axis Bank with a stop loss of Rs 344, target at Rs 328. Housing finance major HDFC management recently said that it could see business crawling back to 85 percent capacity by fourth quarter. Gujral suggests Sell trade for HDFC with a stop loss of Rs 1,640, target at Rs 1,560.

Gujral also suggests traders to initiate a SELL trade in Tata Steel with a stop loss of Rs 281, target at Rs 265. TopNews will review performance of trading calls by the end of the trading session. Please keep strict stop loss for all trades as markets are volatile these days.

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