BUY Bharti Airtel, IndusInd Bank, L&T, Hindalco and Adani Ports: Ashwani Gujral

BUY Bharti Airtel, IndusInd Bank, L&T, Hindalco and Adani Ports: Ashwani Gujral

Indian markets are expected to open strong on Wednesday after holiday on Tuesday. Global markets have remained positive on Tuesday and Indian markets should remain positive for majority of the trading session. Market analyst Ashwani Gujral has suggested only BUY calls for today’s session for traders.

Infrastructure major Larsen & Toubro is on Gujral’s radar for the day. Gujral suggests traders to buy L&T with a stop loss of Rs 850, target at Rs 900. Another stock is from old economy, metal stocks Hindalco. Gujral has given a Buy CALL for Hindalco with a stop loss of Rs 109, target at Rs 120.

Traders can also bet on telecom major Bharti Airtel with a stop loss of Rs 500, target at Rs 540. After the initial shock due to Jio’s launch in Indian market, Airtel has managed to stand on its feet. Airtel has managed to keep its subscriber base as the company offered better data plans and reduced prices to compete with Jio. Airtel has emerged strong after Jio’s initial setback for the company buy margins are less compared to its earlier years, when Reliance wasn’t in the market.

Another stock on Gujral’s list is Adani Ports. Gujral suggests traders to Buy Adani Ports with a stop loss of Rs 250, target at Rs 275. Private banks have been in focus, mainly for the wrong reasons. We have witnessed pullback rally in IndusInd Bank after the stock was battered badly due to negative news and YES Bank troubles. Gujral suggests traders to Buy IndusInd Bank with a stop loss of Rs 400, target at Rs 435.

Markets are expected to close positive for today’s session. Traders should keep strict stop loss for all trades.

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