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 Finserv, Hindustan Unilever, Mindtree, Apollo Tyre, Bharat Forge, Indiabulls Housing, Ultratech Cement.
Speaking about the individual stock ideas, Sukhani said, “I have some buying ideas to start with. Bajaj Finserv, the magnificent rally in Bajaj Finserv does not stop. It is a 4-5 day trading range and if markets are choppy, if they do not go down, at least intraday it can see a rally again; that is a buy. Hindustan Unilever (HUL) is a buy. After many days of languishing it has put its act together for the short term at least. Mindtree is a buy, although I heard that IT itself could be under pressure. So with Mindtree you might wait for the first half an hour and then consider the trade.”
“Two short sells. Apollo Tyre, the charts are completely cracking down – Apollo Tyres and Ceat, both of them. That is a short. Bharat Forge where a small rally joust fizzled out. It is a big problem with Bharat Forge. Something is going wrong there but it is a short,” he added.
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