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 Infosys, HDFC, Bajaj Finserv, JSW Steel, CG Power and Industrial Solutions, Hexaware.
“Infosys is a buy after a long trading range, a minor dip. All IT stocks did well on Friday. I think that follow-through will be available today in most of them. So consider buying Infosys. HDFC is also a buying opportunity. It has been an outperformer, that outperformance should continue even in a flat market. We may have less gains that is a different issue but it is worth buying into. Bajaj Finserv has been on a roll. Then it had a narrow range for three days. That should break on the upside. Unless the market say we are going down, some of these narrow ranges we saw on Friday or Thursday will eventually break and give higher levels. JSW Steel is building a base after months of declines, almost four-five months. That is a positional trade, you can consider buying it and holding it for a long time or take a day trade for today. CG Power is the only short sell. That chart is horrible, falls everyday but be on the buy side,” he said.
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