Ashwani Gujral: BUY HDFC Life, Hindustan Unilever; SELL Bajaj Auto, Hindalco and Manappuram
Market analyst Ashwani Gujral has suggested two BUY Calls and three SELL Calls for today’s trading session. Indian markets are expected to open positive today but we could see selling pressure during the afternoon session. Quarterly results have been positive so far, from majority of companies and markets have been stock-specific these days.
Gujral has suggested BUY Trade for insurance major HDFC Life with a stop loss of Rs 570, target at Rs 595. HDFC Life has also been suggested as BUY Call by market analyst Mitesh Thakkar. Traders can BUY FMCG major Hindustan Unilever with a stop loss of Rs 2,150, target at Rs 2,200, as per Gujral.
Gujral has suggested SELL Trade for metals counter Hindalco with a stop loss of Rs 176, target at Rs 164. Gujral has suggested SELL Call for automobile major Bajaj Auto with a stop loss of Rs 2,910, target at Rs 2,850.
Traders can SELL gold loans provider Manappuram with a stop loss of Rs 162, target at Rs 150, 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.