BUY Reliance Industries, Bajaj Finance, ICICI Bank; SELL Sun Pharma and Colgate: Ashwani Gujral
Market expert Ashwani Gujral has suggested three BUY Calls and Two SELL calls for traders for the day. Markets are expected to trade in a narrow range and we could see selling pressure at higher levels. US markets closed negative on Tuesday while European indices were positive on the news of many European countries opening up their economy and relaxing lockdowns. Indian markets were strong on Monday and Tuesday.
Gujral suggests traders to BUY RIL with a stop loss of Rs 1,400, target at Rs 1,465. Reliance is set to gain from lower oil prices but the company needs stability in international oil prices. Reliance is also having a boost from investment announced by Facebook last week.
Another stock on Gujral’s list in Bajaj Finance for today’s trade. Traders can BUY Bajaj Finance with a stop loss of Rs 2,200, target at Rs 2,340. Gujral has also suggested BUY Call for private bank ICICI Bank with a stop loss of Rs 350, target at Rs 375.
SUN Pharma was BUY for yesterday but today’s call for the pharmaceutical major is for SELL. Gujral suggests traders to SELL Sun Pharma a stop loss of Rs 485, target at Rs 450. Gujral also has FMCG major Colgate on his SELL list today. Traders can Sell Colgate with a stop loss of Rs 1,525, target at Rs 1,460.
TopNews team will check the performance of these calls by the end of the trading day. We suggest strict stop loss for all the trades as markets are highly volatile.