Ashwani Gujral: BUY GSPL, Petronet LNG; SELL Mindtree, IndusInd Bank and Motherson Sumi
Market analyst Ashwani Gujral has suggested two BUY Calls and three SELL Calls for today’s trading session. Indian markets witnessed a strong correct in yesterday’s session after 10-day winning streak for BSE Sensex. Market players would be cautious for today’s trading session but we can expect a positive opening.
Gujral has suggested BUY Call for Petronet LNG with a stop loss of Rs 212, target at Rs 228. Gujral has also suggested BUY Trade for GSPL with a stop loss of Rs 180, target at Rs 192.
On the selling side, Gujral has three recommendations for the day. Traders can SELL Mindtree with a stop loss of Rs 1,450, target at Rs 1,375. Automobile components maker Motherson Sumi is looking weak on the charts. Traders can SELL Motherson Sumi with a stop loss of Rs 110, target at Rs 100.
Gujral has also suggested SELL Call for private banking major IndusInd Bank with a stop loss of Rs 610, target at Rs 585.
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.