Ashwani Gujral: BUY HDFC, Axis Bank, Bajaj Finance; SELL M&M and L&T
Market expert Ashwani Gujral has suggested three BUY Calls and two SELL calls for today’s trading session. Indian markets are expected to open slightly positive today after a strong move yesterday. Dow Jones ended the day slightly negative after registering smart gains for two trading sessions.
Gujral has suggested BUY Call for Axis Bank as the bank announced fund-raising from PE funds to improve its books and loan book. Traders can Buy Axis Bank with a stop loss of Rs 426, target at Rs 450. From financial services sector, HDFC is also on Gujral’s buying list for the day. Traders can Buy HDFC with a stop loss of Rs 1,820, target at Rs 1,865, as per Gujral. Another star performer from financial services sector is on Gujral’s radar for the day. Traders can Buy Bajaj Finance with a stop loss of Rs 2,900, target at Rs 3,050, as per Ashwani Gujral.
Gujral has suggested Sell trade for infrastructure major L&T with a stop loss of Rs 932, target at Rs 900. Other stock on Gujral’s selling list is automobile major Mahindra & Mahindra. Traders can Sell M&M with a stop loss of Rs 510, target at Rs 485.
TopNews will review trading call performance by the end of the trading session. All traders should be conducted with strict stop loss as markets are highly volatile and Stop Loss manages to reduce the loss in case the trade doesn’t go as planned.