The latest analysis and commentary by stock market gurus Sudarshan Sukhani of s2analytics.com and Prakash Gaba of prakashgaba.com on what is moving the markets today. Check out their top stock recommendations.
They spoke at length about Maruti Suzuki, Tech Mahindra, Tata Chemicals, Tata Motors, Jet Airways, Berger Paints, Tata Motors, Muthoot Finance, Spicejet, Interglobe Aviation.
Stock specific, Sukhani said, “I am upbeat on Maurti. After a long time Maruti is now giving signs of life, it is showing good momentum, and it is suggesting that next few months it will outperform. That is a positional trade if you want to look at a positon where you want to buy stocks. However, for today Maruti is a buy. So is Tech Mahindra. Tech Mahindra I think should now outperform and with all the news and report and results coming in, still I would be a buyer here. I also a short seller in Tata Chemicals which is showing signs of distribution and resistance.”
“I certainly like Tata Motors. I must say that the way it is trading, it looks like it is heading to levels closer to around Rs 245-250 zones. I have got Rs 245 as the target and stop below Rs 231 on Tata Motors should be fine. I like Muthoot Finance as well. It has seen a good consolidation. The up move has just started today and if it continues here, I think Muthoot Finance can climb to around Rs 640 and then it will not stop there. Perhaps the next target would be Rs 650 in the days to come. Stop would be around Rs 612 in any case,” Gaba said.
Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/
Follow stock recommendations by Prakash Gaba here: https://www.cnbctv18.com/author/prakash-gaba-117/Disclaimer:
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