NIFTY 50

Buy DCB Bank, ICICI Bank, UltraTech Cement, Manappuram Finance, says stock analyst Sudarshan Sukhani

Updated : May 31, 2019 10:11 AM IST

The latest analysis and commentary by stock market guru Sudarshan Sukhani of s2analytics.com on what is moving the markets today.

He also spoke at length on DCB Bank, ICICI Bank, UltraTech Cement, Manappuram Finance, CG Power.

Talking about his stock recommendations Sudarshan Sukhani said, “DCB Bank is a buying opportunity. The stock has been outperforming even the banks it is in a four day trading range. ICICI Bank is also a buy and that would be one reason why the Nifty Bank goes up. ICICI Bank had a two day correction and in a bull market two day corrections are as much as you get. UltraTech Cement from the cement pack, all cement stocks are attractive. It had the similar consolidation, for two days it has been in an narrow range and that narrow range suggests imminent expansion hopefully on the upside is coming that is a buy. Manappuram Finance is one of the few NBFCs which are doing well, outperforming and that should continue. The pattern also suggest that two day correction is over in Manappuram Finance. I have one short sell CG Power and that is just to keep the exuberance down.”

Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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