Ashwani Gujral: BUY Lupin, Prestige Estate, JSW Steel; SELL HCL Technologies and Escorts
Market analyst Ashwani Gujral has suggested three BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to start the week on a positive note and we could see fresh buying in some counters. Many companies have already announced better-than-expected quarterly results and we could see stock-specific action in the markets this week.
Gujral has suggested Buy JSW Steel with a stop loss of Rs 300, target at Rs 325. Traders can initiate a BUY trade in Prestige Estate with a stop loss of Rs 250, target at Rs 275, as per Gujral.
Pharmaceutical companies are still on the buying list of many investors and analysts. Traders can BUY Lupin with a stop loss of Rs 1,025, target at Rs 1,075, as per Gujral.
While we have seen bullish sentiment for technology stocks in the recent weeks, HCL Tech is looking weak on the charts at the moment. Gujral has suggested a SELL Trade for HCL Tech with a stop loss of Rs 835, target at Rs 800. Gujral has also suggested SELL Call for automobile major Escorts with a stop loss of Rs 1,180, target at Rs 1,140
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.