The latest analysis and commentary by stock market gurus Sudarshan Sukhani of s2analytics.com, Ashwani Gujral of ashwanigujral.com, and Rahul Shah of Motilal Oswal on what is moving the markets today. Check out their top stock recommendations.
They spoke at length about Bharti Infratel, GAIL, Hindustan Zinc, BPCL, Muthoot Finance, Tata Steel, Vakrangee, IndusInd Bank, Tata Consultancy Services, and Grasim.
Sukhani recommended buying Bharti Infratel and selling GAIL, Hindustan Zinc. “Bharti Infratel is a buy. In fact Bharti Airtel as well as Infratel now is giving a sense of direction on the upside. So, one of the rare stocks today, Bharti Infratel is a buying opportunity. GAIL and Hindustan Zinc both are breaking down and making new lows repeatedly. Both are short sells for the day,” he said.
“BPCL is a sell with a stop of Rs 382 and target of Rs 368. Muthoot Finance is a buy with a stop of Rs 630 and target of Rs 660. Tata Steel is a sell with a stop of Rs 492 and target of Rs 470,” Gujral said.
Stock specific, Shah said, “Short IndusInd Bank. I think the stock has been falling since last two days and I still feel there could be some more downside in near term. I feel one can go short on IndusInd Bank with a stop loss of Rs 1,435 and target of Rs 1,365. Tata Consultancy Services (TCS) looks a prominent long from the current levels. Buy TCS with a stop loss of Rs 2,230 and target of Rs 2,310. Grasim has been consolidating between Rs 860 and Rs 920 levels. So, stock has a good support at Rs 865. So, with that stop loss, I would go long on Grasim with a target of Rs 930.”
Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/
Follow stock recommendations by Ashwani Gujral here: https://www.cnbctv18.com/author/ashwani-gujral-115/Disclaimer:
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