BUY UPL, Britannia, HCL Technologies; SELL Kotak Mahindra Bank and Bajaj Finance: Ashwani Gujral
Market analyst Ashwani Gujral has suggested three stocks with BUY Call and two stocks with SELL call for today’s trading session. Indian markets are expected to open negative as Asian markets have been trading low. The panic led selling due to coronavirus pandemic could return to the markets if the curve for infections doesn’t flatten in the coming days. US markets have been range-bound but global sentiment is neutral with traders looking for more news about coronavirus and its impact on economy.
Ashwani Gujral suggests traders to Buy UPL with a stop loss of Rs 340, target at Rs 385. FMCG major Britannia is also on Gujral’s radar for the day. Gujral suggests traders to Buy Britannia with a stop loss of Rs 2,800, target at Rs 2,910
Technology companies have been able to withstand the selling pressure in the markets during March. Technology majors like Infosys, Wipro and TCS have managed to hold ground. Gujral has a Buy CALL for HCL Tech with a stop loss of Rs 470, target at Rs 495 for today’s trading session.
Traders should keep strict stop loss in all trades as markets are very volatile. Gujral suggests Sell for Kotak Mahindra Bank with a stop loss of Rs 1,190, target at Rs 1,140. Another stock on Gujral’s radar is Bajaj Finance. Bajaj Finance has been trading with high volumes once the stock touched its 52-week low in the recent trading sessions. Traders can SELL Bajaj Finance with a stop loss of Rs 2,100, target at Rs 2,050.