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 Hexaware Technologies, Syndicate Bank, CESC, Indiabulls Housing Finance and IDFC First Bank.
“Hexaware is a buy, it is now making a very attractive bullish head and shoulders pattern, it is breaking out, it was outperforming yesterday. For today, it should remain so and you can also take a positional trade in Hexaware on the buy side. Syndicate Bank is a buy. I am surprised there are some public sector undertaking (PSU) banks which are making bullish patterns. I am not very sure why this is happening and why it is selective but for today, Syndicate Bank is a buying opportunity and in a choppy market, we will get these buys. CESC has been an outperformer. Just like Hexaware, CESC at the lower end is making an attractive bullish pattern both are positional trades. Indiabulls Housing and IDFC First Bank are short sell calls. IDFC First Bank had a strong rally, that rally has fizzled out and it is going much lower,” he said.
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