Ashwani Gujral: BUY Tata Steel, Apollo Tyres; SELL Dabur, TCS and ICICI Prudential
Market analyst Ashwani Gujral has suggested two BUY Calls and three SELL Calls for today’s trading session. Indian markets are expected to open slightly negative today. Dow Jones ended marginally lower on Wednesday but Indian markets are looking forward to next major trigger. The quarterly results have led to stock-specific action in the recent trading days.
Gujral has suggested BUY Call for Apollo Tyres with a stop loss of Rs 135, target at Rs 150. Other stock on Gujral’s radar for the day is Tata Steel. Traders can BUY Tata Steel with a stop loss of Rs 398, target at Rs 420, as per Gujral.
Gujral has suggested SELL Call for ICICI Prudential with a stop loss of Rs 416, target at Rs 400. For FMCG major Dabur, Gujral has suggested SELL Call with a stop loss of Rs 520, target at Rs 505.
Technology major TCS is finally on SELL Call, after the technology stocks have witnessed months of BUY recommendations. Traders can SELL TCS with a stop loss of Rs 2,700, target at Rs 2,580, as per Gujral.
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.