Ashwani Gujral: BUY Infosys, Kotak Mahindra Bank, ICICI Bank; SELL HUL and Titan
Market analyst Ashwani Gujral has three BUY calls and Two SELL calls for today’s trading session. Indian stock markets closed positive on Thursday after opening flat. While coronavirus pandemic is still causing trouble for many US cities, trading community has rather calmed down after initial panic selling.
Infosys Technologies announced quarterly results and they were positive, leading to buying in the technology company. Gujral suggests Buy call for Infosys with a stop loss of Rs 670, target at Rs 710.
Gujral has two private banks on his BUYING list for the day. Gujral suggests traders to BUY ICICI Bank with a stop loss of Rs 345, target at Rs 370. Traders can also BUY Kotak Bank with a stop loss of Rs 1,230, target at Rs 1,300.
On Gujral’s selling list are FMCG major HUL and jewelry company Titan. Gujral suggests SELL call for HUL with a stop loss of Rs 2,340, target at Rs 2,260. Traders can also SELL Titan with a stop loss of Rs 930, target at Rs 870.
Please keep a strict stop loss for all the trades. Markets are volatile and traders should be cautious.