Market guru Sudarshan Sukhani of s2analytics.com gave his verdict on important stocks for Wednesdayâs trade in an interview with CNBC-TV18.
Sukhani's stock recommendations:
"Today there are some opportunities in midcaps starting with Apollo Hospitals which had a very bad day yesterday but that has brought it down to a very strong support level. I would be a buyer after that big decline. The trend in Apollo Hospitals has not changed, that is a buy on dips trade."
"Havells is also buy on dips. For three days it is in a very narrow range, it is already underperforming, but it is at a very strong support level."
"We have also got Petronet LNG as a buy that is making new highs. It is close your eyes and buy opportunity and then wait patiently."
"Finally, United Breweries for three consecutive days it has been falling with large range bars that tells us that the short term trend is down especially in a market like this when a stock goes down that is worrying and worth shorting for the intraday trade."
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