Ashwani Gujral: BUY Reliance, Jubilant FoodWorks, M&M; SELL ZEE and Tech Mahindra
Market expert Ashwani Gujral has suggested three BUY Calls and two SELL calls for today’s trading session. Indian markets are expected to open flat today. Dow Jones closed nearly 2 percent higher on Friday after facing one of the worst single day declines since March on Thursday. Asian markets have been trading slightly positive today.
Reliance announced two more investments in its technology venture Jio Platforms. The company has raised money from 10 private equity investors over last few weeks and the stake has been sold at valuation of $65 billion for Jio Platforms. This will help Reliance become debt-free much earlier that the planned date. Gujral suggests BUY call for Reliance with a stop loss of Rs 1,570, target at Rs 1,610.
Gujral has suggested BUY call for automobile major Mahindra & Mahindra. Traders can BUY M&M with a stop loss of Rs 510, target at Rs 535. Automobile companies are expected to announce their sales numbers and as lockdown was partially lifted during May, we can expect better sales compared to April.
Domino’s Pizza main franchisee for India, Jubilant FoodWorks is also on Gujral’s radar for the trading session. Traders can initiate a BUY trade in Jubilant FoodWorks with a stop loss of Rs 1,700, target at Rs 1,810.
Gujral has suggested two SELL calls for today’s trading session. Traders can Sell Zee with a stop loss of Rs 173, target at Rs 160. Gujral also suggests SELL trade for Tech Mahindra with a stop loss of Rs 562, target at Rs 520.
TopNews will review performance of trading calls by the end of the trading session. Traders should keep strict Stop Loss for all trades.