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Here are some Twitter queries answered by Sudarshan Sukhani & Mitessh Thakkar

Updated : March 12, 2019 12:34:46 IST

The latest analysis and commentary by stock market gurus Sudarshan Sukhani, Mitessh Thakkar, and Gaurav Bissa of LKP Securities on what is moving the markets today. Check out their top stock recommendations.

They spoke at length about IndusInd Bank, VIP Industries, Berger Paints, Bank of Baroda (BoB), ICICI Bank, Bharti Airtel, HDFC Standard Life, NBCC, Colgate Palmolive, Ashok Leyland, DLF, Hindalco, Container Corporation of India (CONCOR), and Hexaware.

Sukhani recommended buying IndusInd Bank, VIP Industries, and Berger Paints. He said, “We are looking at stocks that are consolidating where the prospects of a breakout and some gains are still available. IndusInd Bank is one of them. The bank has underperformed, but it is going in a trading range and it is possible that this range may break on the upside. VIP Industries, same story – big rally, then a trading range, and a possibility of a breakout. Berger Paints, the idea is to be in midcaps, to search for stories where the big run up has not occurred yet and then look to buy them.”

Stock specific, Thakkar said, “NBCC is a buy with a stop at Rs 59 and look for targets close to about Rs 68. Colgate Palmolive is a buy; keep a stop at Rs 1,280 here and look for targets close to about Rs 1,340 over the next few days.”

Bissa said, “First recommendation would be buy on Hindalco. This is the only major metal name which has not performed well. It is still trading in range of Rs 195-205. Coming out of this particular range, about 5 percent long positions are seen getting built. A good open interest (OI) data. A lot of strategies happening in 200 Put option; again positive data. It has given a breakout falling trend line levels of Rs 205. As long as it is trading above Rs 200, it can test levels of Rs 250-220. For trading target of Rs 212, one can keep a stop of Rs 201.5 and buy Hindalco. Second recommendation would be a buy on Concor. Small breakout on hourly charts. 15 percent OI addition has been seen. Strong long positions are seen getting built in the name. One can keep a stop loss of Rs 498 and target of Rs 520. Hexaware is looking little bit vulnerable. We have seen some profit booking coming at higher levels. Today we are seeing 2-3 percent short positions getting built. Small breakdown has been seen with a stop loss of Rs 343, one can sell Hexaware for targets of Rs 330.”

Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/

Follow stock recommendations by Mitessh Thakkar here:


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.
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