The latest analysis and commentary by stock market guru Sudarshan Sukhani of s2analytics.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Bajaj Finance, ICICI Bank, Tata Consultancy Services (TCS), Hindustan Zinc and Ceat Ltd.
“Banks appear to be slightly better and so finance is probably the theme for the day. Bajaj Finance is a buy. After that big rally, actually Bajaj Finance has been consolidating for almost 10 days. So that consolidation should lead to an upside breakout. It is a very attractive buying opportunity. ICICI Bank is a buy. It is not that attractive. It has been falling for five-six days consequently but now at least a small rally is possible in ICICI Bank. TCS –in a bull market three day decline is what we get before a rally starts. So that is a buy. Since the markets can be mixed and not very kind to midcaps, I have two intraday short sell calls, Hindustan Zinc and Ceat. Both have been big disappointments,” he said.
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