Ashwani Gujral Trading Call Performance for Axis Bank, Kotak Mahindra Bank, Jubilant FoodWorks and Reliance
Market expert Ashwani Gujral has suggested five BUY calls for today’s trading session but Indian markets have witnessed a major fall after just three hours of trade. As markets have been low since the start of the trading session and we witnessed selling during afternoon session, TopNews has evaluated the trading calls suggested by Mr. Gujral.
Ashwani Gujral suggested traders to BUY Kotak Mahindra Bank with a stop loss of Rs 1,320, target at Rs 1,365. Kotak Mahindra Bank opened at Rs 1334 and this remained today’s high. The stock touched intraday low of Rs 1289. This call has FAILED as Stop Loss was hit within 5 minutes of trading session.
Gujral also suggested BUY call for Axis Bank. The Buy call for Axis Bank was suggested with a stop loss of Rs 420, target at Rs 450. Axis Bank opened at Rs 426.50 and touched an intraday high of Rs 435.55. The stock failed to reach target price but stop loss of Rs 420 was hit at 12.15 pm. This call has FAILED as well.
Gujral’s BUY call for Reliance Industries with a stop loss of Rs 1,560, target at Rs 1,595 has FAILED as well. Reliance opened at Rs 1566 and the stock touched an intraday high of Rs 1567.95. The stock then slipped and hit stop loss of Rs 1560 within first 15 minutes of trade. The stock touched intraday low of Rs 1531.
Traders were suggested to Buy Jubilant FoodWorks with a stop loss of Rs 1,690, target at Rs 1,745. Jubilant FoodWorks opened at Rs 1706 and touched intraday high of Rs 1718. The stock couldn’t reach target price of Rs 1745 and hit stop loss. This call has FAILED.
For Manappuram Finance, Gujral suggested a BUY call with a stop loss of Rs 138, target at Rs 152. Manappuram Finance opened at Rs 144.45 and touched an intraday high of Rs 149.45. The stock touched an intraday low of Rs 142.30. This call can be termed as “Moderately Successful”.
Markets have surprisingly witnessed selling across many sectors today. And, this has resulted in trading calls from Mr. Gujral not performing as per expectations.