Ashwani Gujral: BUY Cipla, Aurobindo Pharma, Jubilant FoodWorks, SELL Bajaj Finance and Maruti Suzuki
Market analyst Ashwani Gujral has given BUY calls for pharmaceutical majors Cipla and Aurobindo Pharma for today’s trading session. Other stock on Gujral’s BUY list is Jubilant FoodWorks. Indian markets are expected to open low as the jobless claims in United States have been recorded at four times the earlier highest jobless claims. Global markets are expected to react to the news coming from jobs markets and macro-economy. Indian markets had a mixed week and a lower Monday opening could set the mood for the rest of the week.
High volatility in the markets is offering many trading opportunity to high-risk traders. However, keeping a strict stop loss is very important while dealing in such market conditions. Markets can turn their direction on every news coming related to coronavirus epidemic or other issues related to economy. Markets largely ignored the steps taken by RBI in its recent policy meeting.
Gujral suggests traders to Sell Bajaj Finance with a stop loss of Rs 2,600, target of Rs 2,450. Another Sell on Gujral’s list is automobile major Maruti Suzuki. Gujral suggests SELL for Maruti Suzuki with a stop loss of Rs 4,700, target of Rs 4,550.
In his buy calls, Gujral has two pharmaceutical companies. Traders can Buy Aurobindo Pharma with a stop loss of Rs 385, target of Rs 405. Also, Cipla is looking interesting at current levels. Traders can Buy Cipla with a stop loss of Rs 400, target of Rs 425. Domino’s Pizza operator in India is also on Ashwani Gujral’s Buy list. Traders can BUY Jubilant FoodWorks with a stop loss of Rs 1,400, target of Rs 1,455.