NIFTY 50

Buy RIL, Kotak Mah Bank, Mindtree & sell Bharat Forge, Biocon, says stock analyst Sudarshan Sukhani

Updated : May 17, 2019 09:54 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 Reliance Industries Ltd (RIL), Kotak Mahindra Bank, Mindtree, Bharat Forge and Biocon.

Speaking about stock picks Sudarshan Sukhani said “Reliance Industries has a narrow range yesterday, there was very little movement yesterday. When largecap stock stays I am not doing anything that is message it is willing to go in one direction. Since the Nifty I suggesting an up move I would buy Reliance. Don’t carry the stock overnight just carry the Nifty options. Kotak Mahindra Bank had a very impressive market move yesterday and it is probably moving towards new highs that is a buying opportunity. Mindtree which is moving in a narrow range and not going anywhere is going to break out on the upside I don’t know when but we will try and see it happen s today that is a buy so largecap buys as well as IT. Two short sells Bharat Forge and Biocon both are completed messed up charts making new lows regularly.”

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.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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