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 Dabur, CESC, Indian Bank, Ceat, Dr. Reddy's Laboratories, JSW Steel, ICICI Bank and Mahindra & Mahindra (M&M).
Sudarshan Sukhani stock recommendations are, “Look at Dabur, today morning I talked about Hindustan Unilever also and Dabur comes in the same category there is some small minor momentum on the upside in FMCG stocks so consider buying Dabur for the day. CESC is also a buy this stock has come out of a long consolidation. Again some small minor buzz in midcaps which is worth buying into so Dabur and CESC are buying opportunities. All PSU banks are short sells so I am having Indian Bank now. Except for State Bank of India (SBI) you would actually go and short any of the PSU banks so it is Indian bank now.”
Mitessh Thakkar stock picks are, “I would recommend buy on Dr. Reddy's Laboratories with a stop at Rs 2,894 look for targets of Rs 3,000 and I have a sell call on Ceat and despite the fact that crude has fallen we have seen stock like Ceat and Apollo Tyres tapper off so Ceat is a sell with a stop at Rs 1,075 for targets of Rs 1,020.”
Rahul Shah stock ideas are, “First stock is JSW Steel, we have seen the metals been on top of the day today both steel stocks Tata Steel and JSW Steel we have been seen fresh longs build up so I feel that JSW should participate in this rally more from the current levels. so with a stop loss of Rs 297 and target of Rs 320 I will go long on JSW Steel. Second ICICI Bank we have seen Bank Nifty down but interestingly ICICI and Axis both corporate banks have been holding on. So, my sense is ICICI Bank looks very promising from current levels so I would buy ICICI with a stop loss of Rs 406 and target of Rs 430.”
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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