The latest analysis and commentary by stock market gurus Sudarshan Sukhani of s2analytics.com and Mitessh Thakkar of mitesshthakkar.com on what is moving the markets today. Check out their top stock recommendations.
They spoke at length about DCB Bank, Tata Consultancy Services, Vedanta, Reliance Industries, Bharti Infratel, Future Retail, Indraprastha Gas, L&T Finance, Balrampur Chini.
Stock specific, Sukhani said, “Buy DCB Bank. It is an outperformer among the private sector banks and hopefully it should give some money on the long side. Buy Tata Consultancy Services (TCS), another outperformer. IT is having a good day today and that should continue throughout the day. Vedanta is a short sell. Vedanta has been showing dismal chart patterns and probably looking at lower levels.”
“Indraprastha Gas (IGL) looks like gaining some strength on the intraday charts. Keep a very tight stop at Rs 312 and look for a bounce back to about Rs 324-325 levels on IGL. L&T Finance extremely oversold stock has come down to very important lows of Rs 118-120 from where the entire rally in the last few months had started. So that is a buy with a stop below Rs 118 or just below today’s low and Rs 126-127 could happen on the bounce back,” Thakkar said.
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