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videos | IST

Buy Pidilite, Havells, Tata Elxsi, Axis Bank, & Infosys, says Ashwani Gujral

The latest analysis and commentary by stock market guru Ashwani Gujral of ashwanigujral.com on what is moving the markets today.
According to Gujral, till the market does not reverse, there is no reason to take money home. He believes that on the Bank Nifty, 25,230-25,250 is a resisted upside for two or three sessions. He said that if private banks restart their move, then the Nifty could find its mojo back.
Gujral is expecting IT to be sideways after a big run yesterday. He says if the markets have to move up, banks need to do more. “Overall keep a trailing stop; 10,400 on the Nifty should be good enough. On the Bank Nifty, 24,950 should be your trailing stop.”
Check out his top stock recommendations.
  • Pidilite is a buy with a stop of Rs 990 and target of Rs 1,040.
  • Havells is a buy with a stop of Rs 568 and target of Rs 590.
  • Tata Elxsi is a buy with a stop of Rs 1,060 and target of Rs 1,095.
  • Axis Bank is a buy with a stop of Rs 540 and target of Rs 575.
  • Infosys is a buy with a stop of Rs 1,145 and target of Rs 1,200.