Ashwani Gujral: BUY Hero MotoCorp, Tata Steel, Titan, Cipla and HCL Technologies
Market analyst Ashwani Gujral has suggested five BUY Calls and no SELL call for today’s session, suggesting a bullish outlook. Indian markets are trading at four month high as traders and investors have become confident about recovery in many sectors. Indian economy could positively surprise but many people are still concerned about the demand in many sectors. Automobile sales numbers announced by Hero MotoCorp are very encouraging and we could see similar sales data from Maruti Suzuki as well.
Gujral has suggested BUY Call for automobile major Hero MotoCorp after the company announced encouraging sales numbers for June. Hero MotoCorp stock jumped after the numbers and we could see further momentum in this counter. Traders can Buy Hero Moto with a stop loss of Rs 2,640, target at Rs 2,760.
Other stock on Gujral’s buying list for the day is HCL Technologies. Traders can Buy HCL Tech with a stop loss of Rs 560, target at Rs 585. Gujral has also suggested BUY trade for Tata Steel with a stop loss of Rs 328, target at Rs 346.
Titan Industries has been another favorite of traders. Traders can Buy Titan with a stop loss of Rs 976, target at Rs 1,010. From pharmaceutical segment, Gujral has suggested Buy trade for Cipla with a stop loss of Rs 640, target at Rs 675.
Traders should keep strict stop loss for all the trades. TopNews will review performance of trading calls by the end of the trading session.