Ashwani Gujral: BUY REC, M&M Finance; SELL HDFC Bank, JSW Steel and TCS
Market analyst Ashwani Gujral has given two BUY Calls and three SELL calls for the trading session. Indian markets jumped yesterday as the Indian government announced one of the biggest stimulus packages till date. The package details are still pending but Rs 20 lakh crore will surely help Indian economy and companies struggling. Finance Minister clarified a few things about the package but more details are needed about how funds will be disbursed and which sectors stand to gain the most from the package.
Gujral suggests traders to Buy REC with a stop loss of Rs 96, target at Rs 108. REC has witnessed heightened activity during the recent trading sessions and the stock gets support at lower levels. Other stock on Gujral’s BUY list for the trading session is M&M Finance. Traders can initiate a Buy trader in M&M Finance with a stop loss of Rs 172, target at Rs 187.
Gujral has three SELL calls for the trading session. Traders can Sell JSW Steel with a stop loss of Rs 186, target at Rs 172.
HDFC Bank is on Gujral’s radar for the trading session. Traders can Sell HDFC Bank with a stop loss of Rs 940, target at Rs 900. Gujral has also suggested SELL Call for technology major TCS. Traders can initiate Sell trade in TCS with a stop loss of Rs 1,965, target at Rs 1,920.
Please keep strict stop loss for all the trades as markets are highly volatile. TopNews will review trading call performance by the end of the trading session.