Ashwani Gujral: SELL SBI, Vedanta, Tata Motors, Maruti Suzuki; BUY Nestle
Market analyst Ashwani Gujral has suggested four SELL calls and just one BUY Call for today’s trade. Indian markets are looking weak as they have failed to cross important resistance level of 10,300 for NSE Nifty. Markets have been facing selling pressure at higher levels.
Gujral has suggested traders to SELL public sector banking major SBI with a stop loss of Rs 181, target at Rs 170. SBI reported excellent results and the stock jumped in the recent trading sessions. However, as overall trend in the markets is slightly negative, SBI could offer a chance for bearish trade.
Gujral has also suggested SELL call for Vedanta with a stop loss of Rs 106, target at Rs 94. The stock has been in news after the management announced its plan for delisting. For automobile major Maruti Suzuki, Gujral has SELL call for today’s session. Traders can Sell Maruti with a stop loss of Rs 5,460, target at Rs 5,300. In automobile sector, Gujral has another SELL call for Tata Motors. Traders can initiate a Sell trade in Tata Motors with a stop loss of Rs 110, target at Rs 98.
Only BUY call for the day from Gujral is for FMCG major Nestle. Traders can Buy Nestle with a stop loss of Rs 16,200, target at Rs 17,000.
TopNews will review performance of trading calls by the end of the trading session. All trades should be carried out with strict Stop Loss.