Ashwani Gujral: BUY Motherson Sumi, IndusInd Bank, Godrej Agrovet; SELL HDFC AMC and JSPL
Market analyst Ashwani Gujral has suggested three BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open strong as Asian stocks have been trading firm after better-than-expected economic data from China. Dow Jones closed flat on Tuesday but Indian markets are still trading strong with a positive bias.
Gujral has suggested BUY Call for automobile components major Motherson Sumi. Traders can BUY Motherson Sumi Systems with a stop loss of Rs 116, target at Rs 128, as per Gujral. Gujral has suggested BUY Call for Godrej Agrovet with a stop loss of Rs 490, target at Rs 515. –
For private sector bank IndusInd Bank, Gujral has suggested a BUY Call. Traders can initiate a BUY trade for IndusInd Bank with a stop loss of Rs 628, target at Rs 650.
Gujral has two stocks on his selling list for the trading session. Traders can SELL JSPL with a stop loss of Rs 210, target at Rs 196, as per Gujral. Other stock is from financial services sector. Traders can Sell HDFC AMC with a stop loss of Rs 2,350, target at Rs 2,280.
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.