Ashwani Gujral: BUY IndusInd Bank, SBI, Kotak Mahindra Bank, Sun Pharma and Godrej Consumer
Market analyst Ashwani Gujral has suggested five BUY Calls and no SELL calls for today’s trade, suggesting a bullish view for bounce-back in Indian markets after yesterday’s decline. Indian markets closed nearly 1000 points lower on Monday due to tensions with China. However, today we can expect some bounce-back in the market.
Gujral has suggested three BUY Calls for banking stocks. Traders can BUY PSU banking major SBI with a stop loss of Rs 205, target at Rs 221. Gujral has suggested BUY Call for IndusInd Bank with a stop loss of Rs 620, target at Rs 655. Traders can initiate a BUY Trade for Kotak Mahindra Bank with a stop loss of Rs 1,380, target at Rs 1,440.
Gujral has also suggested BUY Call for pharmaceutical major Sun Pharma with a stop loss of Rs 500, target at Rs 540. Traders can initiate a BUY trade in pharmaceutical major Cipla with a stop loss of Rs 700, target at Rs 725, as per Gujral.
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.