The latest analysis and commentary by stock market guru Ashwani Gujral on what is moving the markets today.

He also spoke at length on Manappuram Finance, Nestle India, Aurobindo Pharma, Escorts, Axis Bank, Tech Mahindra, HCL Technologies, Raymond, Dabur, REC, Bombay Burmah Trading Corporation, Avenue Supermarts, Hexaware Technologies, Infosys, HDFC Bank, Kotak Mahindra Bank, and Axis Bank.

Gujral said, "HDFC Bank is a buy with a stop of Rs 1,885 and target of Rs 1,940. Kotak Mahindra Bank is a buy with a stop of Rs 1,090 and target of Rs 1,145. Axis Bank where results are expected, that is a buy with a stop of Rs 347 and target of Rs 370."

Individual stocks of Ashwani Gujral are, " Dabur is a sell with a stop of Rs 376, target of Rs 360. REC is a sell with a stop of Rs 120 target of Rs 109 and Bombay Burmah is a buy with a stop of Rs 1,345 target of Rs 1,380."

Ashwani Gujral's take on IT is, "Today should be more of a midcap day then largecap Index. My sense is that you can have short positions on the IT space and Raymond is something where the rally seems to be continuing. So, Raymond is a buy with a stop of Rs 770 target of Rs 795, HCL Tech is a sell with a stop of Rs 1,040 target of Rs 990 and Tech Mahindra is a sell with a stop of Rs 730 target of Rs 710."

Talking about stocks Ashwani Gujral said, “Axis Bank hasn’t really participated so Axis Bank is a buy with a stop of Rs 576 target of Rs 600. Manappuram Finance is a buy with a stop of Rs 76 target of Rs 88. Nestle India had a fresh breakout so that is a buy with a stop of Rs 10,000 target of Rs 10,500. Escorts is kind of exhausting at lower levels, so that is a buy with a stop of Rs 620 target of Rs 645 and Aurobindo Pharma is a buy with a stop of Rs 785 target of Rs 810.

Follow stock recommendations by Ashwani Gujral here:

https://www.cnbctv18.com/author/ashwani-gujral-115/

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

First Published:Nov 1, 2018 8:53 AM IST