SELL HDFC Bank, IndusInd Bank, Axis Bank, Adani Ports and TCS: Ashwani Gujral
Market analyst Ashwani Gujral has suggested SELL calls for today’s trading session. Indian markets are expected to trade low today as the number of coronavirus infections in the United States has mounted over the weekend. The markets are expected to end low as European markets would also open low considering the drop in Dow Jones futures.
Ashwani Gujral suggests SELL for HDFC Bank. SELL HDFC Bank with a stop loss of Rs 900, target of Rs 780. Gujral has also suggested SELL for another private sector bank. Traders can SELL IndusInd Bank with a stop loss of Rs 455, target of Rs 400.
Gujral has SELL call for Axis Bank as well. Traders can SELL Axis Bank with a stop loss of Rs 440, target of Rs 380. Keep strict stop loss in all the trades.
As wider market sentiment is negative, stocks would not bounce back in today’s trading session. Gujral also suggests SELL for Adani Ports with a stop loss of Rs 262, target of Rs 230.
Technology companies are also facing selling pressure. Infosys, Tech Mahindra and TCS were all trading low in today’s session. Ashwani Gujral suggests SELL for TCS with a stop loss of Rs 1820, target of Rs 1760.