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 Tata Consultancy Services (TCS), Divis Laboratories, Larsen and Toubro (L&T), Apollo Tyres, Sun TV Network, and Bharti Airtel.
Stock specific, Sukhani said, “Tata Consultancy Services (TCS) is the most likely candidate for a buy. Even if we assume that the markets do not suddenly go down, I think TCS should continue its outperformance; a four day trading range has been built. The other is Divis Laboratories. Divis Laboratories has been in a downtrend, it is in a bear market, but Friday’s price action suggests that perhaps a spring or a low has been made and there is some support there. It is a short term trade, but consider buying it and Larsen and Toubro (L&T) my favourite now in the infrastructure space. All three are intraday buys.”
“Apollo Tyres and Sun TV are short sells. Both are miserable charts,” he added.
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