Ashwani Gujral: BUY SBI Cards, Bajaj Finance, ICICI Bank, BPCL and Godrej Properties
Market analyst Ashwani Gujral has suggested five BUY Calls for today’s session, indicating a bullish outlook for markets today. Indian markets are expected to open strong on Monday as Asian markets are trading strong. Dow Jones closed 200 points lower on Friday. As expected, Indian government has not taken any strict action against Chinese incursion in Ladakh and the issue has been ignored by the markets.
For traders, Gujral has suggested financial services and private banks for buy trade. Traders can BUY ICICI Bank with a stop loss of Rs 358, target at Rs 374. Other stock on Gujral’s buying list for the session is Bajaj Finance. Traders can Buy Bajaj Finance with a stop loss of Rs 2,660, target at Rs 2,800. SBI Cards witnessed strong move on Friday. Gujral has suggested BUY call for SBI Cards with a stop loss of Rs 610, target at Rs 635.
Gujral has also suggested BUY Call for Godrej Properties. Traders can initiate a BUY trade in Godrej Properties with a stop loss of Rs 885, target at Rs 925. Gujral has also suggested OIL PSU BPCL for today’s trading session. Traders can BUY BPCL with a stop loss of Rs 375, target at Rs 392.
Indian markets have firmed up during the last week and we can expect further momentum. Indian market has received decent support from Reliance Industries as the stock has been making new highs. Reliance has become debt-free much earlier that its planned timeline and this has been successful due to 10 investments made by foreign companies and funds in its Jio Platforms. Trades should keep strict stop loss for all trades.