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 Reliance Infra, Zee Entertainment, Dr Reddy’s Laboratories (DRL), Tech Mahindra, Hero Motocorp, Colgate-Palmolive, Tech Mahindra, and Divi's Laboratories.
“You should be out of the Nifty and do not buy or do anything else. You look at FMCG, IT and pharmaceuticals as buying opportunities. So, consider buying Tech Mahindra, Colgate-Palmolive and Divi's Laboratories and three sector should outperform today and tomorrow.”
“Tech Mahindra is a buying opportunity, it was the Nasdaq, which brought the Dow and the S&P on the upside after those big intraday declines overnight. Technology stocks should do well here also. Tech Mahindra is a buy. Hero Motocorp is a buy. That stock has had a correction but the charts are very conducive to more upmoves. DRL from the pharma space was an outperformer yesterday. I think that should continue. Reliance Infrastructure and Zee Entertainment are short sells only for the intraday,” he said.
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