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 ICICI Bank, ACC, Hindustan Unilever, Raymond, Sun TV, Kotak Mahindra Bank, Mahindra & Mahindra Financial Services.
Talking about his stock recommendations Sudarshan Sukhani said, “Financials are the strong sector today and I am focusing on financials so buy Kotak Mahindra Bank at Rs 1,490 stop and Rs 1,535 as the target. Also Mahindra & Mahindra Financial Services with Rs 406 stop and Rs 424 target. This is a day for banks and financials.”
“ICICI Bank as you said the Bank Nifty is an outperformer ICICI Bank has significantly higher levels to go to so for an intraday trade it is worth buying. ACC is a buy, I can see all cement stocks go up. ACC is a buying opportunity. Hindustan Unilever (HUL) is a buy, it has been an underperformer. This underperformance won’t continue, consumer oriented stocks are going to outperform sooner or later. Raymond is a midcap stock, but it made new highs, broke out of a significant trading range. For a momentum trader you can go and buy it with proper stop losses. Sun TV is a short sell.”
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