Ashwani Gujral: BUY Cadila Healthcare, Bajaj Auto, Hindalco, Bombay Burmah and M&M Finance
Market expert Ashwani Gujral has suggested five BUY Calls and no SELL Calls for today’s trading session, suggesting a bullish outlook for Indian stocks. Indian markets are expected to open lower today as the global markets are showing signs of weakness. Dow Jones closed almost flat on Wednesday after the US Federal Reserve indicated that interest rates could stay low for the next two years. US markets have witnessed a strong pullback rally after the panic selling witnessed in March 2020.
Gujral has suggested Buy Call for M&M Finance with a stop loss of Rs 634, target at Rs 660. Other stock on Gujral’s radar for the day is metal counter Hindalco. Traders can initiate a BUY Trade in Hindalco with a stop loss of Rs 179, target at Rs 193, as per Gujral.
Gujral has also suggested BUY Call for pharmaceutical major Cadila Health with a stop loss of Rs 383, target at Rs 390.
Traders can BUY automobile major Bajaj Auto with a stop loss of Rs 3,000, target at Rs 3,080. Bajaj Auto has witnessed strong performance in the past few trading sessions and we can expect momentum in this stock to push it higher. Traders can BUY Bombay Burmah with a stop loss of Rs 1,430, target at Rs 1,500, as per Gujral.
All trades should be carried out with strict Stop Loss. In case the trade doesn’t happen as per expectations, it is good to exit the trade if the call is in profit. TopNews will review performance of trading calls by the end of the trading session. We can expect recovery in the markets during the afternoon session but opening trade should be lower.