Ashwani Gujral: BUY Dr Reddy’s, Titan; SELL Hindalco, ICICI Bank and Kotak Mahindra Bank
Market expert Ashwani Gujral has suggested two BUY Calls and three SELL Calls for today’s trading session. Indian markets are expected to open slightly negative today but we could see increased volatility in the markets. US markets are trading near their all-time highs and market participants aren’t ruling out chances of deep correction in the markets in coming weeks. For the moment, technology and pharmaceutical stocks have been leading the rally and in the recent months, many other sectors have joined in.
Gujral has suggested two BUY Calls for the trading session. Traders can BUY Titan with a stop loss of Rs 1,170, target at Rs 1,220. Traders can BUY Dr Reddy's with a stop loss of Rs 4,400, target at Rs 4,550, as per Gujral.
For today’s session, Gujral has two private sector banking majors on his SELL list. Traders can SELL ICICI Bank with a stop loss of Rs 390, target at Rs 375, as per Gujral. Traders can initiate Sell trade in banking major Kotak Bank with a stop loss of Rs 1,420, target at Rs 1,360, as per Gujral.
Gujral has suggested SELL trade for metals counter Hindalco with a stop loss of Rs 195, target at Rs 182.
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.