SELL Maruti Suzuki, Escorts, Shriram Transport, BUY Oil India and Bharat Electronics: Ashwani Gujral
Ashwani Gujral has three SELL calls and two BUY calls for today’s trading session. Indian markets opened low in today’s trading session as well after the US markets closed down on Wednesday. The market rout isn’t stopping yet and traders are concerned about long term impact of coronavirus. Majority of Indian companies won’t face any major issues with their business but the impact could be felt for tourism, certain export segments and companies in finance sector.
Ashwani Gujral has suggested SELL call for Shriram Transport with a stop loss of Rs 700, target of Rs 650. Automobile companies are facing a lot of selling pressure in the recent trading sessions. Gujral suggests SELL for Maruti Suzuki with a stop loss of Rs 5500, target of Rs 5000. Another stock in Gujral’s selling list is Escorts. Traders can SELL Escorts with a stop loss of Rs 585, target of Rs 550.
Gujral has suggested BUY for Oil India Limited with a stop loss of Rs 72, target of Rs 80.
Another BUY call for traders in today’s session is Bharat Electronics. Traders can BUY Bharat Electronics with a stop loss of Rs 68, target of Rs 76.
As the US markets have been trading low and Dow Futures was down, markets worldwide are expected to remain low. Coronavirus and crude oil plunge has left markets without any major support levels.