The latest analysis and commentary by stock market guru Sudarshan Sukhani of sudarshansukhani.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about HDFC, Bata India, Britannia Industries, Hindustan Petroleum Corporation Ltd (HPCL) and Reliance Capital.
“I am looking at two short sells intraday only. Hindustan Petroleum (HPCL) I think there is more downside here for all the oil marketing companies perhaps and Reliance Capital which I am downbeat on NBFCs and Reliance Capital is a relatively easy sell. A small rally fizzled out completely. Buying is much more interesting. I would go with HDFC, the housing finance company, I am a buyer there and two midcap companies which are outperforming Bata India and Britannia. Both are buying opportunities not only for the trader today but also as a positional trade. Even at these levels Bata is a buy.”
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