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 Tata Consultancy Services (TCS), Oil and Natural Gas Corporation (ONGC), Apollo Tyres, Reliance Capital and Cholamandalam Investment and Finance Company.
Talking about stocks, he said, “TCS is a buying opportunity. ONGC from the oil pack is a buying opportunity and it is on the verge of breaking out from short-term highs.”
“Apollo Tyres is a short sell; Apollo and Ceat are having miserable charts and breaking down. Reliance Capital is a short sell and Cholamandalam Investment and Finance Company, which is in the F&O segment, has had a rally and then it has been trading in a large range for almost 2 months. It is now breaking down from that range and NBFCs are weak anyway – that’s a short sell and short sells are only intraday,” he added.
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