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 Infosys, Hexaware Technologies, Voltas, Union Bank of India and Eicher Motors.
“Infosys is a buying opportunity, it had a good day yesterday. It is on the verge of a breakout from a trading range so I think we should go and buy that. Hexaware is building a very impressive bullish pattern. Every day it inches a little up on the verge of breaking out from that pattern. That is a buy. So there is a theme here. IT generally is a buying opportunity. I have Voltas. It had a correction that seems to be getting over. It is an outperformer and on a good upside day, outperformer should do well. That is a buy and Union Bank is a buy. Yesterday, I had Syndicate Bank. There are some public sector undertaking (PSU) banks, which are giving signs of bottoming out. It is not complete yet but the first signs are there and we should be interested because if that is so, PSU banks give you a lot of beta on the upside when they start rallying. So we will go and buy Union Bank. Eicher Motors is a short sell, it is an intraday short but I would focus on the buy calls today,” he said.
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