Ashwani Gujral: BUY Sun Pharma, Bharti Airtel Hindustan Unilever, TCS and Britannia Industries
Market analyst Ashwani Gujral has suggested five BUY calls for today’s trade and no SELL calls, suggesting a bullish outlook for Indian markets. Indian markets witnessed a strong week and we can expect momentum this week as many companies will announce quarterly results. However, stock specific action could be seen this week as results will be a deciding factor. D-Mart announced quarterly results with major decline in revenue and profit last week.
Traders can Buy Sun Pharma with a stop loss of Rs 488, target at Rs 510 as per Ashwani Gujral. Other stock on Gujral’s radar for the session is telecom operator Bharti Airtel. Traders can Buy Bharti Airtel with a stop loss of Rs 568, target at Rs 590, as per Gujral.
Gujral has suggested BUY Call for FMCG majors Britannia Industries and Hindustan Unilever. Traders can Buy Hindustan Unilever with a stop loss of Rs 2,200, target at Rs 2,310. Traders can also initiate a Buy trade in Britannia Industries with a stop loss of Rs 3,700, target at Rs 3,820.
Gujral has also suggested BUY Call for Tata Consultancy Services with a stop loss of Rs 2,200, target at Rs 2,275.
All trades should be conducted with strict Stop Loss in order to avoid any major loss in case the markets don’t perform as expected. TopNews will review trading call performance by the end of the trading session.