The latest analysis and commentary by stock market gurus Sudarshan Sukhani of s2analytics.com, Mitessh Thakkar of mitesshthakkar.com, and Gaurav Bissa of LKP Securities on what is moving the markets today. Check out their top stock recommendations.
They spoke at length about India Cement, Escorts, M&M Finance, PC Jewellers, Coal India, Dish TV, Tata Power, Jubilant Foodworks, Ujjivan, and Biocon.
Stock specific, Sukhani said, “Escorts is a sell. The stock had a small sudden spurt which did not last. The stock is now in a steady downtrend. It is already in a correction. M&M Finance is a short sell. I have been explaining that NBFCs are looking at much lower levels. Some of the good quality NBFCs will correct less like M&M Finance, but they will still correct. So that is a short sell. India Cement is a buying opportunity. Most cement stocks are doing relatively better, UltraTech Cement, India Cement, so, India Cement is a buy.”
“I would suggest a buy on Coal India with a stop at Rs 250 for targets of Rs 262. Dish TV is a sell with a stop at Rs 35.20 and look for targets of Rs 31,” Thakkar said.
Bissa recommended, “First recommendation would be sell on Jubilant Foodworks where we have seen 14 percent open interest (OI) addition has been seen getting built. It gave a breakdown below levels of Rs 1,320 and it has retested those levels and again fallen from those levels. So there is a good chance it may slip to Rs 1,290-1,270. One can keep a stop loss of Rs 1,330 and sell it. Sell Ujjivan and keep a stop loss of Rs 314-315. Biocon has moved up quite a bit in last half an hour or so. One can wait for dip towards Rs 552, keep a stop loss of Rs 542 and on the upside Rs 570 is what I would be looking at.”
Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/Follow stock recommendations by Mitessh Thakkar here:
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