Ashwani Gujral: BUY M&M, HDFC, IndusInd Bank, PVR and JSW Steel

Ashwani Gujral: BUY M&M, HDFC, IndusInd Bank, PVR and JSW Steel

Market analyst Ashwani Gujral has suggested five BUY calls for today’s trading session and no SELL calls, indicating a bullish sentiment. Indian markets ended strong on Monday but NSE Nifty couldn’t scale 10,000 levels. Markets could try today to touch the sentimental level of 10,000 for NSE Nifty and we could see further strength.

Automobiles and farm equipment maker Mahindra & Mahindra reported better than expected sales numbers for farm vehicles yesterday. The stock jumped by nearly 10 percent after the company announced sales numbers. M&M has also started selling its consumer vehicles and we could see good sales numbers for June. Gujral suggests traders to Buy Mahindra & Mahindra with a stop loss of Rs 450, target at Rs 475.

Gujral has finance major HDFC on his radar for the trading session. Traders can initiate a BUY call in HDFC with a stop loss of Rs 1,700, target at Rs 1,810.

Other stock on Gujral’s buying list is private banking major IndusInd Bank. This stock jumped 4.5% yesterday and momentum could continue for today’s session as well. Traders can BUY IndusInd Bank with a stop loss of Rs 400, target at Rs 435. Gujral also suggests BUY call for JSW Steel with a stop loss of Rs 188, target at Rs 204.

PVR announced yesterday that the company will raise money from the market and the stock was trading strong. Traders can Buy PVR with a stop loss of Rs 950, target at Rs 985. TopNews will review the performance of trading calls by the end of the trading session. Traders should keep strict stop loss for all the trades.