Ashwani Gujral: Trading Call Performance for Infosys and TCS
Indian markets registered strong gains on Monday and during afternoon session, market have inched higher. Among most active stocks in today’s session were Reliance, TCS, Infosys Technologies, M&M and Bajaj Finance. All sectoral indices were trading positive in today’s trade except for pharmaceutical index.
Market expert Ashwani Gujral suggested BUY Calls for technology majors TCS and Infosys Technologies today. Gujral suggested Buy call for technology major TCS with a stop loss of Rs 2,170, target at Rs 2,250. TCS opened the session at Rs 2205 and touched intraday high of Rs 2269.90 around 1.15 pm. This call has been successful. TCS is still trading 2.3 percent higher and is among the most active stocks on NSE.
Gujral also suggested BUY Call for technology major Infosys Technologies. Traders were suggested to initiate a BUY trade in Infosys with a stop loss of Rs 750, target at Rs 775. Infosys Technologies opened the session at Rs 765 and reached target price of Rs 775 at 1.00 pm. This call has been SUCCESSFUL.
Indian markets are expected to remain positive today. During the afternoon session, markets have gained further. Traders are optimistic while some market experts have raised caution as markets have jumped a lot in recent trading sessions. Quarterly results will start coming in few trading sessions and market direction will depend on the results.