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Buy ICICI Bank, Axis Bank, Union Bank of India, Future Consumer: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank, Axis Bank, Union Bank of India and Future Consumer.

March 13, 2018 / 02:06 PM IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "ICICI Bank is a buy with a stop loss of Rs 300 and target of Rs 315. Axis Bank is a buy with a stop loss of Rs 525 and target of Rs 550. Union Bank of India is a buy with a stop loss of Rs 94 and target of Rs 102."

"Future Consumer should be bought. It is at the 200-day moving average and these were the stocks who were outperforming earlier. Today midcaps are also beginning to participate after yesterday’s move. Now the confidence comes back. Earlier, yesterday’s move was quite jittery, every 40-50 points and the bulls took a step back, so, today’s rally is happening with much more gusto. So, I think Future Group should do well today," he said.

"HDFC twins are also now picking up steam and that is what creates bullishness on Bank Nifty. That is a buy with a stop loss of Rs 1,860 and target of Rs 1,920. Bank of India although it is up 9-10 percent, but still I think it can be bought. That is a buy with a stop loss of Rs 100 and target of Rs 114.  HPCL is a buy with a stop loss of Rs 378 and target of Rs 400."
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