Ashwani Gujral: BUY Tata Steel, SBI, BPCL, UPL and Bharti Infratel
Market analyst Ashwani Gujral has suggested only BUY calls for the trading session and no SELL calls, indicating a bullish sentiment. Indian markets are expected to open strong with NSE Nifty crossing 10,300 mark after many weeks of trading low. Indian markets could close strong today as normal economic activity is returning after the state governments have announced opening up of majority of businesses.
Gujral has suggested BUY call for PSU banking major SBI with a stop loss of Rs 185, target at Rs 200. Banking stocks have been in focus over the last few trading sessions. We could see revival in SBI as the bank announced surprisingly good quarterly results.
Other stock on Gujral’s radar for the trading session is Tata Steel. Gujral suggests traders to BUY Tata Steel with a stop loss of Rs 334, target at Rs 352.
Gujral has only BUY calls for today’s session. Traders can BUY UPL with a stop loss of Rs 434, target at Rs 452. Oil PSU BPCL is also on Gujral’s buying list for the day. Traders can Buy BPCL with a stop loss of Rs 365, target at Rs 382.
In telecom infrastructure space, Gujral suggests Buy Bharti Infratel with a stop loss of Rs 232, target at Rs 248. Traders should keep strict stop loss for all the trades.