The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today.
He shared his views and readings on Axis Bank, Cipla, Infosys, Tata Power, Chennai Petroleum Corporation, Adani Ports, LIC Housing, Purvankara, Oberoi Realty, JSW Steel, NIIT Technologies, RBL Bank, Reliance Industries, Adani Ports, Kaveri Seed, New India Assurance.
“Individually, stocks are also offering buying opportunities. We have NIIT Technologies as a buy. IT stocks are doing well and IT should outperform. Private sector banks are also outperforming today. So RBL Bank among the private sector banks is a buying opportunity. It has an attractive chart and could easily move higher. Third is the big boy Reliance Industries. Reliance after initial dull start, is now showing some signs of a rally,” Sukhani said.
Talking about stocks, he said, “Axis Bank has outperformed the Nifty Bank and has one of the best charts in the private sector banks, so consider buying that.”
“Tata Power is a short sell. It has been falling relentlessly. Many power companies are doing that and it is leading that decline,” he added.
Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/
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