Ashwani Gujral: BUY Kotak Mahindra Bank, Info Edge, HCL Technologies; SELL REC and LIC Housing Finance
Market analyst Ashwani Gujral has suggested three BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open slightly lower in today’s early session.
Dow Jones closed half percent lower on Tuesday and Asian markets have been trading low this morning.
Gujral has suggested BUY Call for private banking major Kotak Mahindra Bank with a stop loss of Rs 1,330, target at Rs 1,375. Other stock on Gujral’s radar for the trading session is HCL Technologies. Majority of technology counters are near their 52-week or all-time highs and they don’t face any major resistance levels on the charts. Gujral has suggested BUY Call for HCL Technologies with a stop loss of Rs 890, target at Rs 925.
Gujral has suggested BUY trade for Info Edge (Naukri jobs portal) with a stop loss of Rs 3,540, target at Rs 3,680.
Gujral has suggested two SELL Calls for today’s trade. Traders can SELL REC with a stop loss of Rs 96, target at Rs 84. Gujral has suggested SELL Trade for LIC Housing Finance with a stop loss of Rs 292, target at Rs 278.
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.