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 Bajaj Auto, Bharat Heavy Electricals (BHEL), Reliance Infrastructure, Bank of Baroda , Engineers India, Hindustan Unilever, Bata.
Stock specific, Sukhani said, "Bajaj Auto is the sole stock I have as a buying opportunity. That is a buy because it is outperforming. So once the market settles down, and they may go lower, intraday you can look to Bajaj Auto for an opportunity to go long. BHEL is a short. The stock has already been in a downtrend. Reliance Infrastructure, another downtrend stock, you go and sell it and cover in afternoon. Engineers India (EIL) has been in a mini bear market. It consolidated, distributed, and broke on the downside. That is a short sell. Bank of Baroda (BoB) represents PSU banks. I have said earlier, I am down beat on PSU banks and NBFCs. Since NBFCs can gap down so much I cannot visualize what will happen. However, PSU banks are easy short sells."
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