NIFTY 50

Buy Lupin, DCB Bank, ICICI Bank; sell Bharat Forge, says stock analyst Sudarshan Sukhani

Updated : May 10, 2019 10:26 AM IST

The latest analysis and commentary by stock market guru Sudarshan Sukhani of s2analytics.com on what is moving the markets today.

He shared his views and readings on Lupin, DCB Bank, ICICI Bank, Bharat Forge, United Spirits, and HCL Technologies.

Stock specific, Sukhani said, “Private sector banks are the only sector that is outperforming a little. So, if this market stabilizes after the first 1-1.5 hours which it should, consider buying ICICI Bank and DCB Bank. DCB Bank is an outperformer and should continue. Lupin is also a buy. After a long time a small base and a breakout from that base suggests some momentum and sometimes pharmaceutical does its own thing while the Nifty keeps on falling,”

“Two short sells, Bharat Forge and United Spirits. Both are in their bear markets now. So, they are relatable easy shorts,” Sukhani added.

Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV