Ashwani Gujral: BUY Hindalco, GAIL, Adani Ports; SELL Asian Paints and HUL
Market expert Ashwani Gujral has given three BUY Calls and two SELL calls for today’s trading session. Indian markets closed at its highest level in the last few weeks yesterday. The markets have managed to clear some of the immediate resistances in yesterday’s trade. It will be interesting to see if the markets continue rallying higher or we will see a reversal from higher levels. US market closed positive yesterday after Federal Reserve detailed a plan of action for reviving the US economy.
First recommendation from Ashwani Gujral is for metal counter Hindalco. Traders can Buy Hindalco with a stop loss of Rs 112, target at Rs 124. Gujral has also set his eyes on Adani Ports today. Traders can Buy Adani Ports with a stop loss of Rs 280, target at Rs 302.
Gas Authority of India is another stock Gujral suggests for intraday BUY for traders. Traders can initiate a Buy trade in GAIL with a stop loss of Rs 86, target at Rs 98.
Gujral suggests SELL for Asian Paints. Traders can short Asian Paints a stop loss of Rs 1,780, target at Rs 1,740.
FMCG counter Hindustan Unilever is also on SELL list of Gujral for today. Traders can Sell HUL with a stop loss of Rs 2,250, target at Rs 2,180. All trades should be conducted with strict stop loss. In case the stock doesn’t perform as per expectations, Stop Loss can keep the loss from the trade low.