Ashwani Gujral: BUY Tech Mahindra, HCL Technologies, SUN Pharma, SELL SBI, ZEE
Market analyst Ashwani Gujral has suggested three BUY Calls and two SELL calls for today’s trading session. Indian markets have been trading strong for the last few weeks and many market players are waiting for a correction. However, strong performance by some of the big companies during the June quarter has helped the indices to remain firm despite stock specific selling and buying sessions. Still, bulls are seemingly in control and we can expect markets to trade with a positive bias. However, as we are approaching overbought territory, there could be selling and small correction.
Ashwani Gujral has suggested BUY Calls for two technology companies today. Traders can BUY HCL Tech with a stop loss of Rs 678, target at Rs 700. Gujral has also suggested Buy Call for Tech Mahindra with a stop loss of Rs 648, target at Rs 670. In the pharmaceutical space, Gujral has suggested BUY call for Sun Pharma with a stop loss of Rs 480, target at Rs 505.
Gujral has suggested Sell Call for Zee with a stop loss of Rs 156, target at Rs 140. For public sector banking major State Bank of India, Gujral suggests SELL call for today’s session. Traders can initiate a SELL trade in SBI with a stop loss of Rs 195, target at Rs 182.
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.