NIFTY 50

Buy M&M, Divis Labs, McDowell & sell MCX, NMDC, says stock analyst Sudarshan Sukhani

Updated : April 10, 2019 11:14 AM IST

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.

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