Ashwani Gujral: BUY Bajaj Finance, Muthoot Finance, BPCL, Tata Steel and Sun TV
Market expert Ashwani Gujral has suggested five BUY Calls and no SELL Calls for today’s trade, suggesting a bullish outlook for stock markets. Indian markets are expected to open strong today as global cues are positive. Indian markets are trading at their highest levels since the COVID-19 pandemic led to panic selling in March this year. Majority of Indian companies have reported better-than-expected quarterly numbers and investors are confident that economy could bounce back much earlier than expected. Dow Jones closed almost 2 percent higher on Thursday.
Traders can initiate a BUY trade for personal finance major Bajaj Finance with a stop loss of Rs 3,650, target at Rs 3,800, as per Gujral. Traders can BUY gold finance major Muthoot Finance with a stop loss of Rs 1,200, target at Rs 1,265, as per Ashwani Gujral.
Gujral has suggested BUY Call for oil PSU BPCL with a stop loss of Rs 360, target at Rs 384.
Gujral has suggested BUY Trade for Tata Steel with a stop loss of Rs 420, target at Rs 436.
South Indian broadcaster SUN TV is on analysts’ radar for the last few trading sessions. Traders can BUY Sun TV with a stop loss of Rs 434, target at Rs 460, as per Gujral.
All trades should be carried out with strict Stop Loss. In case the trade doesn’t happen as per expectations, it is good to exit the trade if the call is in profit. TopNews will review performance of trading calls by the end of the trading session.