Market analyst Ashwani Gujral has recommended BUY trade for two pharmaceutical stocks and SELL trade for two financial services stocks for traders today. Indian markets are expected to remain range-bound for today’s trading session as signals from global markets were mixed. European stocks closed low after Gilead Sciences announced that its drug trial for coronavirus had inconclusive results.

Traders can BUY FMCG major Britannia with a stop loss of Rs 2,950, target at Rs 3,100 as per Ashwani Gujral. Another stock on Gujral’s radar for the session is pharmaceutical major Cipla. After touching 52-week low during the recent sell-off, Cipla recovered smartly to reach near its 52-week high during the recent trading sessions. Gujral recommends a Buy trade in Cipla with a stop loss of Rs 590, target at Rs 625.

Gujral is also betting on largest pharmaceutical company Sun Pharma for today’s session. Traders can Buy Sun Pharma with a stop loss of Rs 475, target at Rs 510.

Two financial services companies are on Gujral’s sell list for the day. Traders can SELL Bajaj Finance with a stop loss of Rs 2,000, target at Rs 1,930. Traders can also initiate a SELL trade in LIC Housing with a stop loss of Rs 266, target at Rs 250.

Stock markets are very volatile these days and traders should be very cautious while executing trades. Strict stop loss should be maintained for all the trades.