The latest analysis and commentary by stock market guru Sudarshan Sukhani of s2analytics.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Britannia Industries, Axis Bank, HCL Technologies, Muthoot Finance and CG Power and Industrial Solutions.
“Britannia, which had a monster rally yesterday, that rally should continue. I am a buyer in Britannia. Axis Bank has been in a trading range. Its range is pushing on the upside, it is pushing against resistance. So it could outperform the Nifty Bank at least for a couple of days. That is a buying opportunity. HCL Tech – all IT stocks have been drifting but they are suggesting that they could break on the upside again. That is a buy. Muthoot Finance has that large rally but that rally could persist, it is a short-term trade but momentum is in favour of the buyers. So four buying ideas. CG Power is a short sell. That stock is going nowhere, intraday shorts are justified,” he said.
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