The latest analysis and commentary by stock market gurus Sudarshan Sukhani, Ashwani Gujral, and Gaurav Bissa of LKP Securities on what is moving the markets today. Check out their top stock recommendations.
They spoke at length about Godrej Industries, Siemens, Glenmark, REC, Infosys, UPL, TVS Motors, Pidilite Industries, Titan.
Stock specific, Sukhani said, “I would suggest buying midcaps, starting with Godrej Industries where a reasonable momentum has already developed and that seems to be continuing. So buy Godrej Industries and also consider buying Siemens. This is a stock where a bottoming out process has taken place and every dip is a buying opportunity. Consider buying Glenmark.”
Gujral recommended buying REC and selling Infosys, and UPL. “REC is a buy with a stop of Rs 152 and target of Rs 167. Infosys is a sell with a stop of Rs 730 and target of Rs 696. UPL is a sell with a stop of Rs 910 and target of Rs 885,” Gujral said.
“Buy TVS Motors. We have seen a good correction coming in TVS Motors from Rs 500 to around Rs 450. 2 percent open interest (OI) addition has been seen today. There is a chance it may go towards Rs 475, one can buy it with a stop loss of Rs 455. Buy Pidilite Industries. 21 percent OI addition happening today. These are not rollovers because in the next series it has added 7 percent OI addition. The total number of OI addition is around 10 lakh that has been added. Good breakout above Rs 1,200 mark. One can keep a stop loss of Rs 1,200 and target of Rs 1,250. Titan is looking weak. Small breakdown on hourly charts. 8 percent OI addition has been seen. Fresh shorts are seen getting built in the name. Target of Rs 1,070, stop loss of Rs 1,108, short Titan,” Bissa said.
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:
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.