Ashwani Gujral: BUY Hero MotoCorp, Maruti and HDFC; SELL JSW Steel and SBI
Market expert Ashwani Gujral has suggested three BUY Calls and two SELL calls for today’s trading session. Indian markets have firmed up during the last few trading sessions. We can expect markets to see strength at lower levels but selling could be witnessed at higher levels. Banking stocks have witnessed strong rally and Bank Nifty will be in focus for traders. Dow Jones closed 147 points lower at 25,400 on Thursday.
Gujral has two automobile majors on his BUY list for the day. Traders can Buy Hero Moto with a stop loss of Rs 2,250, target at Rs 2,330. Gujral also suggests traders to initiate a Buy trade in Maruti with a stop loss of Rs 5,400, target at Rs 5,550. Other stock on Gujral’s buy list for the day is home finance major HDFC. Traders can Buy HDFC with a stop loss of Rs 1,600, target at Rs 1,710.
Gujral suggests SELL call for PSU major State Bank of India. Traders can Sell SBI with a stop loss of Rs 161, target at Rs 150. Gujral also suggests SELL trade for JSW Steel with a stop loss of Rs 190, target at Rs 174.
Indian markets are expected to trade in a narrow zone for the day as there aren’t any major triggers. We could see stock-specific movements. Many companies have declared reasonably fair quarterly results as was expected by the market experts. The major impact of COVID-19 lockdowns will be seen during the second quarter results.