Ashwani Gujral: BUY M&M, Hero MotoCorp, Kotak Mahindra Bank, ACC and TCS
Market analyst Ashwani Gujral has suggested five BUY calls and no SELL call for today’s trade, suggesting a bullish outlook. NSE Nifty technically breached a major resistance level and wider market has started participating in the current market rally. We could see further strength in the markets and we could see stock specific action with positive bias in the favor of bulls.
Gujral has suggested Buy trade for private banking major Kotak Mahindra Bank with a stop loss of Rs 1,370, target at Rs 1,420. Other stock on Gujral’s buying list for the day is cement major ACC. Traders can Buy ACC with a stop loss of Rs 1,380, target at Rs 1,440.
In automobile space, Gujral has suggested buy calls for Hero MotoCorp and Mahindra & Mahindra. Traders can Buy Hero Moto with a stop loss of Rs 2,800, target at Rs 2,950. Traders can initiate Buy trade for M&M with a stop loss of Rs 610, target at Rs 645.
Gujral has also suggested BUY Call for technology major TCS for today’s trade. Traders can BUY TCS with a stop loss of Rs 2,290, target at Rs 2,350, 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.