Sudarshan Sukhani of s2analytics.com, Mitessh Thakkar of mitesshthakkar.com, and Rahul Shah of Motilal Oswal discusses with Prashant Nair and Ekta Batra their readings and outlook on market technical and F&O side of the market as well as specific stocks and sectors.
They also spoke at length on Tata Global Beverages, HCL Technologies, Canara Bank, IDFC, ITC, Mahindra & Mahindra (M&M) and Dabur.
Sudarshan Sukhani’s stock picks are Tata Global Beverages is a buy, it is an intraday buy and IT is doing well HCL Technologies is an intraday buy. Canara Bank from that PSU banks is a short sell. All PSU banks are short sells except for State Bank of India.
Mitessh Thakkar’s stock recommendations are a sell on IDFC stop at Rs 37 for targets of Rs 33.50 and ITC is a buy with a stop at Rs 297 for targets of Rs 309.
Rahul Shah's stock ideas are, "From FMCG pack I have one buy trade, ITC which has crossed Rs 300 levels today so there it looks like a clear breakout so with a risk to reward going long on ITC could be a favourable from here so I would go long on ITC with a stop loss of Rs 297 and target of Rs 314. I will go short on Dabur where we have seen decent sell-off and technically the stock has broken Rs 373 levels. my sense is stock can still go to Rs 358 short Dabur with a stop loss of Rs 377 and target of Rs 358. M&M is a sell with a stop loss of Rs 634 and target would be Rs 600.”
Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/
Follow stock recommendations by Mitessh Thakkar here: https://www.cnbctv18.com/author/mitessh-mthakkar-111/Disclaimer
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