Ashwani Gujral: BUY TCS, Tech Mahindra, Cipla; SELL IndusInd Bank and Bajaj Finance
Market analyst Ashwani Gujral has suggested three BUY Calls and two SELL calls for today’s trading session. Indian markets declined yesterday after registering gains for many trading sessions. NSE Nifty managed to close above 10,000 levels even after yesterday’s decline. We could see NSE Nifty touching 10,100 in today’s trade. Indian markets are looking strong and we could see higher levels and buying support at lower levels.
Traders can BUY Cipla with a stop loss of Rs 658, target at Rs 680 as per Gujral. Indian pharmaceutical companies have been in focus after panic selling led by COVID-19 pandemic. Pharmaceutical companies are expected to report strong sales and investors have bought majority of pharmaceutical stocks. Cipla has been touching 52-week highs during the recent trading sessions and we could see momentum taking this stock higher.
Two more stocks on Gujral’s buying list for the trading session are from technology sector. Traders can initiate a Buy trade in TCS with a stop loss of Rs 2,070, target at Rs 2,150. Gujral has also suggested BUY Call for technology major Tech Mahindra with a stop loss of Rs 570, target at Rs 595.
Personal finance major Bajaj Finance is on Gujral’s selling list. Traders can Sell Bajaj Finance with a stop loss of Rs 2,440, target at Rs 2,360. Gujral has also suggested Sell call for IndusInd Bank with a stop loss of Rs 425, target at Rs 400. TopNews will review performance of trading calls by the end of the day.