Sudarshan Sukhani of s2analytics.com, Kiran Jadhav of KiranJadhav.com and Yogesh Mehta 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 Tata Consultancy Services (TCS), Britannia Industries, M&M Financial Services, Reliance Industries, Aurobindo Pharma, and UPL.
Sudarshan Sukhani stock picks are, “IT is doing well today, so there is a small momentum on that sector. Tata Consultancy Services (TCS) is a buying opportunity and Infosys after many days has come up and is worth buying into. Generally IT is a sector where you can buy into. Britannia Industries is gaining today and that V shaped rally in Britannia continues so there is a momentum that we should capture and we should be buying it.”
Kiran Jadhav stock recommendations are, “First is M&M Financial Services which should be bought stop loss will be Rs 419 target would be Rs 429-433 latest by tomorrow morning. Second is a Reliance Industries which is buy stop loss Rs 1,320 target is Rs 1,340-1,345 for the day.”
Yogesh Mehta F&O stock picks, “Aurobindo Pharma has given a strong positive outlook and Rs 690 was the major resistances today it is quoting at Rs 693-694 levels. One can initiate a long position to this keeping a small stop loss of Rs 685 target could be in the range of Rs 710-715 levels. The other one is Reliance Industries Rs 1,310-1,320 is a strong support level currently it is quoting at Rs 1,329-1,330 level keeping a stop loss of Rs 1,315 target could be in the range of Rs 1,360-1,365 levels. The third one is UPL Rs 985-990 band is a strong support. It has retraced from Rs 1,045 all-time high. One can initiate a long position into this keeping a stop loss of Rs 985 target in the range of Rs 1,015-1,020 levels.”
Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/Disclaimer
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