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 Britannia Industries, Syndicate Bank, Larsen and Toubro (L&T), India Cements and Sun Pharmaceuticals.
“Britannia is a buy. Britannia has been a buying opportunity after that big decline. I think a big positional trade is building up here, so you might trade for today and you might trade for the next few days of weeks, both are justified as a buy. PSU banks are giving a sense that they are bottoming out. Syndicate Bank is an outperformer. It is just completing a bullish head and shoulder, maybe it will work out. So at least go long in it. L&T, which had a very bad five days, is finding support at Rs 1,500. So if not anything some short-term momentum on the upside is possible. Two quick short sell calls, India Cement and Sun Pharma both are breaking down,” he said.
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