The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about UPL, Titan, Shriram Transport Finance Corporation, Just Dial and Gujarat State Fertilizers & Chemicals (GSFC), Amara Raja Batteries, Max Financial Services, Infosys, Sun Pharmaceutical Industries and Jubilant Life Sciences.
“I am not getting good stocks to short except for midcaps which are heading down. So Shriram Transport Finance Corporation which is now in a bear market, Just Dial which is finishing its distribution – both are short selling ideas. GSFC which had a very tepid and small rally and should probably resume its down move. You have to adjust your stop loss and targets depending on the gap down but still go short. UPL and Titan are outperformers. If the market stabilises at least for intraday, there is buying there,” he said.
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Talking about stocks, he said, “Amara Raja Batteries is a short sell and all NBFCs are short sell so pick up one of them.”
“I would expect Sun Pharma to double in two years and Jubilant Life Sciences to see Rs 1200,” he added.
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