The latest analysis and commentary by stock market guru Sudarshan Sukhani of sudarshansukhani.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Mahindra and Mahindra (M&M), Divis Laboratories, McDowell Holdings, Multi Commodity Exchange of India (MCX India), NMDC, HDFC Bank, Lakshmi Vilas Bank, Wipro.
"MCX is a short sell. That big rally in MCX is now fizzling out and I would assume that it will go back to its earlier lows. It is a very underperforming stock. NMDC is a short. While we did see a rally in metal stocks, NMDC did not participate. That means that any decline anywhere and that could include today will see go much lower. There are three buy ideas. One is Mahindra and Mahindra (M&M) which is bottoming out. It is a positional trade, it is also a trade for today, you want to buy it. Divis Laboratories which is outperforming, it is at the top of its chart but I think there is more momentum on the upside. After a long time United Spirits. United Spirits remember has split. United Spirits is a buying opportunity. It is now in a trading range and in a choppy market a lot of these stocks go up," he said.
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