BUY Apollo Hospitals, Sun Pharma, Cipla; SELL ICICI Bank and IndusInd Bank
Market analysts Ashwani Gujral has suggested BUY calls for pharmaceutical companies and sell calls for two private banks. Indian market is expected to open positive as Asian markets have gained yesterday and today while Indian markets were closed on account of Mahavir Jayanti. Gujral has suggested SELL calls for IndusInd Bank and ICICI Bank.
As per Gujral, traders can Buy Apollo Hospitals with a stop loss of Rs 1,160, target at Rs 1,250. Pharmaceutical company Sun Pharma is on Gujral’s buying list for the day. Traders can BUY Sun Pharma with a stop loss of Rs 360, target at Rs 410. Gujral also suggests Buy Cipla with a stop loss of Rs 440, target at Rs 475.
For private banking stocks, Gujral has suggested two SELL calls for traders. Traders can Sell IndusInd Bank with a stop loss of Rs 325, target at Rs 300. Another call is for private banking major ICICI Bank. Gujral suggests Sell Call for ICICI Bank with a stop loss of Rs 300, target at Rs 278.
Indian markets are expected to remain strong for today’s trading session. Traders should keep strict stop loss for all trades.