Ashwani Gujral: Trading Call Performance for ITC, Asian Paints, Maruti, Bajaj Finance and IndusInd Bank
Market expert Ashwani Gujral suggested three BUY calls and two SELL calls for Friday. Indian market opened slightly positive on Friday but selling pressure led markets to 430 points decline during early hours. By the end of the trading session, markets recovered but BSE Sensex closed nearly 260 points lower at 30,672.
ITC was on Gujral’s BUY list of the trading session. ITC had witnessed 7 percent jump during the previous trading session and momentum was expected. Gujral suggested traders to Buy ITC with a stop loss of Rs 182, target at Rs 198. ITC opened at Rs 188 and touched intraday high of Rs 191.90. However, ITC started losing steam and touched intraday low of Rs 184.80. The stock couldn’t reach the target price. This call FAILED.
Other stock on Gujral’s BUY list was Asian Paints with a stop loss of Rs 1,550, target at Rs 1,625. The stock opened at 1568 and started rising as buying was witnessed. The stock touched target price of Rs 1625. The stock closed 2.46 percent higher. This call was SUCCESSFUL.
Gujral suggested Buy CALL for Maruti with a stop loss of Rs 4,950, target at Rs 5,400. Maruti opened at Rs 5010 and soon started declining. The stock hit the STOP Loss of Rs 4950 and even touched intraday low of Rs 4930. This call FAILED.
Gujral suggested Sell trade for Bajaj Finance with a stop loss of Rs 2,020, target at Rs 1,940. Bajaj Finance opened at Rs 1975 and touched intraday high of Rs 2007. The stock started declining within first hour of trade and touched an intraday low of Rs 1865. Bajaj Finance touched 52-week low during Friday’s trading session. This call was SUCCESSFUL.
Last call from Gujral was Sell trade for IndusInd Bank with a stop loss of Rs 354, target at Rs 330. IndusInd Bank opened at the session at Rs 342 and touched intraday high of Rs 353.70 just avoiding Stop Loss with very small margin. The bank touched intraday low of Rs 330, thus hitting the target. This call was very close but can be termed as SUCCESSFUL.