The latest analysis and commentary by stock market guru Sudarshan Sukhani of sudarshansukhani.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Asian Paints, Bharat Heavy Electricals Ltd (BHEL), DLF, Tata Consultancy Services and Ceat.
“Asian Paints despite the rise in crude prices, I think is a buying opportunity. The stock just broke out of long trading range and is making higher highs. BHEL is a buy, the stock had that bear market that bear market seems to be getting over. It has been in a small narrow range and yesterday was a down day that was actually a buy on dips opportunity. DLF is on the verge of a breakout that seems to be happening, so that is a buy. Finally Tata Consultancy Services (TCS) was a buy yesterday and it comes back in my list. Yesterday we had a handsome rally and I think there will be a follow through in IT stocks, so TCS is a buying opportunity. Ceat is a short sell, only intraday.”
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