Ashwani Gujral of ashwanigujral.com, Sudarshan Sukhani of s2analytics.com and CA Rudramurthy BV of Vachana Investments 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 answered viewer stock queries.
They also spoke at length on Larsen & Toubro (L&T), Siemens, Balkrishna Industries, Future Consumer, Asian Paints, Kotak Mahindra Bank, ITC, Infosys, Bata, and Steel Authority of India (SAIL).
Sudarshan Sukhani stock recommendations are, “Larsen & Toubro (L&T) is a buying opportunity for the day. Siemens is a buying opportunity. Both stocks had every mild corrections and they are now recovering from those mild corrections. Ceat from the tyre space is a short sell, whether it is Ceat or Apollo Tyres or Balkrishna Industries all of them are short sells but right now I am talking about Ceat.”
Ashwani Gujral stock picks are, “Right now the calls I have are on the upside because of oil certain stocks are going up. So Asian Paints is a buy with a stop of Rs 1,420 target of Rs 1,465. Kotak Mahindra Bank is a buy with a stop of Rs 1,470 target of Rs 1,510 and ITC is a buy with a stop of Rs 275 target of Rs 290.”
CA Rudramurthy F&O stock recommendations are, “Bata India is a clear buy, in markets like this which is so weak Bata India is seen clear signs of accumulation with open interest adding on the upside look at targets of Rs 1,470 with a stop of Rs 1,395. SAIL also looks very strong for me. This stock can again be bought for a positional trade. Look at targets of Rs 54 with a stop loss of Rs 49. For Ceat is a clear sell, today it has breakdown and positional traders can go short on Ceat, look a targets of Rs 900 with a stop loss of Rs 940.”
Follow stock recommendations by Ashwani Gujral here: https://www.cnbctv18.com/author/ashwani-gujral-115/
Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/Disclaimer
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