Ashwani Gujral: BUY Tech Mahindra, L&T, Dr Reddy’s, Sun Pharma and JSW Steel
Market analyst Ashwani Gujral has suggested five BUY Calls for today’s session and no SELL calls, suggesting a bullish outlook for Indian markets. Indian markets are expected to open strong on Tuesday as Dow Jones closed 1.3 percent higher on Monday. NSE Nifty has crossed major resistance levels and we could see further momentum in stocks pushing it higher.
Gujral has suggested BUY Call for technology major Tech Mahindra with a stop loss of Rs 678, target at Rs 710. Traders can initiate a BUY trade in JSW Steel with a stop loss of Rs 240, target at Rs 265.
Gujral has two stocks from pharmaceutical sector on his radar for today’s session. Traders can BUY Dr Reddy's with a stop loss of Rs 4,660, target at Rs 4,800. Dr Reddy’s has given a fresh breakout and we can see this stock touching new 52-week high due to continued buying. Traders can BUY Sun Pharma with a stop loss of Rs 538, target at Rs 560.
Gujral has also suggested BUY Call for infrastructure major L&T with a stop loss of Rs 950, target at Rs 985.
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.