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 Kotak Mahindra Bank, Infosys, NIIT Technologies, Allahabad Bank and Dewan Housing Finance Corporation (DHFL).
“Kotak Mahindra Bank gives us sense that after that rally consolidation another breakout can come irrespective of what the Nifty bank does. So Kotak Bank is a buying opportunity. I have two IT stocks, again we had that google results which were not good. I don’t think that will affect us yet. IT is outperforming slowly and steadily, has excellent charts so there is buying in Infosys which has underperformed and should catch up. NIIT Technologies which is on a roll anywhere. Two intraday short sells Allahabad Bank and see its divergence Private sector banks are doing well and the public sector banks are now in trouble again, the charts I mean. That is a short sell and DHFL is a short sell. NBFCs are something I am downbeat on.”
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