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Buy Ajanta Pharma, Colgate & BPCL; sell NMDC, Escorts, says stock analyst Sudarshan Sukhani

Updated : May 15, 2019 10:09 AM IST

The latest analysis and commentary by stock market guru Sudarshan Sukhani of s2analytics.com on what is moving the markets today.

He shared his views and readings on Ajanta Pharma, Colgate Palmolive (India), Bharat Petroleum Corporation (BPCL), NMDC and Escorts.

Speaking about stock ideas Sudarshan Sukhani said, “Ajanta Pharma is a buying opportunity. This stock has already bottomed out and with all the news in pharma it is still holding its head above water. I would be a buyer for the day and also a positional buy. Colgate is another stock, this is a buy on dip, a sharp dip in Colgate yesterday was brought into finally and that should result in some kind of momentum rally. That applies to BPCL also, a five day decline and then yesterday’s some support so Colgate and BPCL are intraday trades but buying opportunities because of the sharp corrections they have seen. NMDC and Escorts both are short sells. Both are in their mini bear market of some kind so both can easily be sold.”

Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/

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.
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