The latest analysis and commentary by stock market guru Sudarshan Sukhani of sudarshansukhani.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Axis Bank, Godrej Consumer Products Ltd (GCPL), ACC, Hindalco Industries, Reliance Capital, Maruti Suzuki, Aurobindo Pharma.
Stock specific, Sukhani said, “Axis Bank is a buy because it is easier to focus on individual stocks. The stock had the same classic dip on Friday, but it rallied back, and is on the verge of a breakout. If not anything, some momentum on the upside can give us gains. Godrej Consumer Products is building a very attractive base. For investors who are looking at a buying opportunity for weeks or months, this is a perfect stock and it is a buying opportunity for today also. ACC continues to be a buy. There has been a three day correction and I would assume that a three day correction is the most we will get in cement stocks. So consider buying it.”
“Hindalco is a short sell. Metals are again back to their same old position, small rallies and then declines, and further declines should come. Reliance Capital, part of that group where lower levels should come,” he added.
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