The latest analysis and commentary by stock market gurus Sudarshan Sukhani of s2analytics.com, Mitessh Thakkar of mitesshthakkar.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 BPCL, Ceat, Bank of India, Hindustan Unilever, Jubilant Foodworks, Marico, Motherson Sumi, Tech Mahindra, Grasim, and Can Fin Homes.
Stock specific, Sukhani said, “BPCL is a buy. The charts have suddenly turned up. We know crude has gone down dramatically and for all we know this decline can continue. So, at least for the day BPCL is worth buying into. Two short sells come into the play. A lot of short selling opportunities are opening up; Ceat from the tyre group. Apollo Tyre is also a short, but Ceat is the one we are talking about today. And almost the entire PSU banking group is a short sell. I have Bank of India (BoI) at this point of time. Except for State Bank of India (SBI) you could really go and short anything.”
“I have a sell on Jubilant Foodworks with a stop at Rs 1,317 for targets of Rs 1,260. Marico is a sell; keep a stop at Rs 352 and look for 330-331 kind of target,” Thakkar said.
Shah recommend, “I have been liking Tech Mahindra which is near to its 52 week high and good technical structure in futures as well. So I would go long in Tech Mahindra with a stop loss of Rs 812 and target of Rs 850. Grasim, we saw a post result the stock has done quite well in last one week. So there still some more upside and the support of the stock is around Rs 885. So with that stop loss, I would go long with a target of Rs 935. Can Fin Homes is a short. Post results we saw some good short covering in the stock and good run up as well. So I think the upside remains capped in the stock. Near term, one should go short with a stop loss of Rs 331 and target of Rs 315.”
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