Ashwani Gujral: CALL Performance for Tech Mahindra, HUL, Sun Pharma, IndusInd Bank and Axis Bank
Market expert Ashwani Gujral suggested five calls yesterday and TopNews will review the performance of those calls. For Tech Mahindra, HUL and Sun Pharma, Ashwani gave BUY Calls and SELL calls for two private banks, Axis Bank and IndusInd Bank. Indian markets opened strong on Monday but the initial strength could not be maintained during the trading session. Around 11.15 am, BSE Sensex dropped below 32,000 level and the markets ended 81 points lower by the end of the trading session.
Ashwani Gujral suggested BUY Call for FMCG major HUL with a stop loss of Rs 2,050, target at Rs 2,170. HUL opened at 2083, slightly lower than previous close price of Rs 2089. HUL touched intraday high of Rs 2116 and around 11.15 am, the stock hit the stop loss suggested by Gujral. This trading call failed.
Other stock on Gujral’s BUY list for the day was technology major Tech Mahindra. Gujral suggested Buy for Tech Mahindra with a stop loss of Rs 530, target at Rs 555. Tech Mahindra opened at Rs 541.5 compared to earlier close of Rs 536. The stock touched high of Rs 543.8 and low of Rs 527. This trading call failed as well because the target wasn’t met and the stock hit the stop loss by the end of the trading session.
Gujral suggested traders to Buy Sun Pharma with a stop loss of Rs 460, target at Rs 485. Sun Pharma opened at Rs 473.70 and touched an intraday high of Rs 475. The stock missed its target price of Rs 485 and closed almost close to stop loss at Rs 465. This call failed as well.
Gujral had two private banks on his SELL list for the trading session. Gujral suggested Sell for Axis Bank with a stop loss of Rs 390, target at Rs 365. Axis Bank opened at Rs 391 and touched intraday high of Rs 393.50. The stock touched intraday low of Rs 376. This call failed as well.
Gujral also suggested Sell IndusInd Bank with a stop loss of Rs 450, target at Rs 425. IndusInd Bank opened at Rs 450 and touched intraday high of Rs 458. This call also couldn’t be executed as the stock was trading for quite some time above the Stop Loss.
Overall, the calls given by Ashwani Gujral for the trading session failed. The markets opened strong but the slide continued. In such a market, the trades sometimes don’t go as planned. Check out the latest recommendations on TopNews.