The latest analysis and commentary by stock market gurus Sudarshan Sukhani of s2analytics.com, Mitessh Thakkar of mitesshthakkar.com, and Gaurav Bissa of LKP Securities on what is moving the markets today. Check out their top stock recommendations.
They spoke at length about Just Dial, Hindustan Unilever, Power Grid, Cipla, Britannia, Chennai Petroleum, Castrol India, Aurobindo Pharma.
Stock specific, Sukhani said, “Just Dial is a buy. The picks are only for intraday. Hindustan Unilever (HUL) is a buying opportunity. Power Grid is a buy.”
“Buy Cipla with a stop at Rs 565 for targets of Rs 595. Britannia is a buy, keep a stop at Rs 2,840 and look for targets of around Rs 2,900,” Thakkar said.
Bissa recommended buying Chennai Petroleum, Catsrol India, and selling Aurobindo Pharma. “Chennai Petroleum, one can keep a stop loss of Rs 207 on the upside target of Rs 220-222 is what I would be playing for. Buy Castrol India. It has found good support at levels of Rs 135-140. On multiple occasions we have seen the stock bouncing a bit from these levels. Same is the case this time as well. Small amount of longs are seen getting built. It has also formed a bullish harmonic pattern on daily charts. Target would be Rs 155 and stop loss of Rs 141-142. Aurobindo Pharma, three months of consolidation between Rs 680-800. It has given a breakdown, consistent shorts are seen getting built, volume participation on the breakdown has been quite high and it is trying to retest the breakdown level and again falling. So, it is good sign that it may head towards levels of Rs 650 and below. One can sell Aurobindo Pharma, with a stop loss of Rs 682,” he said.
Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/Follow stock recommendations by Mitessh Thakkar here:
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