Ashwani Gujral: BUY IndusInd Bank, JSW Steel, Adani Ports, Reliance and SELL BPCL

Ashwani Gujral: BUY IndusInd Bank, JSW Steel, Adani Ports, Reliance and SELL BPCL

Market expert Ashwani Gujral has suggested four BUY Calls and one SELL Call for traders today as US markets closed positive and Asian markets have been trading strong this morning. Indian market is expected to open strong on back of strong global sentiment. US stock markets registered gains as investors brushed off jobs data report indicating high number of layoffs across the United States. Chinese exports have jumped during April and market experts were positively surprised as they were expecting decline.

Ashwani Gujral suggests traders to initiate a BUY trade in IndusInd Bank with a stop loss of Rs 448, target at Rs 470. IndusInd Bank has been an interesting stock for traders due to its high volatility however traders should be careful and keep a strict stop loss.

Gujral has suggested another buy call for steel major JSW Steel. Traders can BUY JSW Steel with a stop loss of Rs 168, target at Rs 180. Another stock on Gujral’s buy list for the day is Adani Ports. Traders can BUY Adani Ports with a stop loss of Rs 276, target at Rs 292.

Reliance Industries has been making news over the last few trading sessions. It has been reported that Reliance could soon sell its stake in Asian Paints. Gujral suggests a Buy for Reliance Industries with a stop loss of Rs 1,485, target at Rs 1,545.

The only stock on Gujral’s SELL list for the day is oil PSU BPCL. Traders can Sell BPCL with a stop loss of Rs 340, target at Rs 315. TopNews will evaluate performance of the calls by the end of the trading session.

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