Ashwani Gujral: BUY IndusInd Bank, Motherson Sumi,HDFC Bank, Shriram Transport and BalKrishna Industries
Market analyst Ashwani Gujral has suggested five BUY Calls and no SELL Calls for today’s trading session. Indian markets are expected to open strong on Monday after a strong rally witnessed last weeks. Many sectors have participated in the current rally and BSE Sensex could touch lifetime high this week. Global markets have been trading positive and strong fund inflows in Indian markets have led to strong performance for majority of Indian stocks.
Gujral has suggested BUY Call for automobile components maker Motherson Sumi with a stop loss of Rs 113, target at Rs 127. Gujral has also suggested BUY trade for commercial and farm equipment tyres maker Buy Balkrishna Industries with a stop loss of Rs 1,430, target at Rs 1,500.
Gujral has suggested BUY Calls for two private sector banks for today’s trade. Traders can initiate a BUY Trade for IndusInd Bank with a stop loss of Rs 730, target at Rs 760, as per Gujral. Traders can BUY HDFC Bank with a stop loss of Rs 1,295, target at Rs 1,340, as per Gujral.
Gujral has suggested BUY Call for Shriram Transport Finance with a stop loss of Rs 840, target at Rs 865.
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.