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 Dabur, Havells, Infosys, JSW Steel, and ICICI Prudential, ICICI Bank, Power Grid, NTPC, Cadila Healthcare, Jubilant Foodworks, Tata Motors, Bajaj Finserv, Indiabulls Housing, DHFL, IDBI Bank.
Recommending specific stocks ideas, Sukhani said, “Cadila Healthcare is a buying opportunity. The pharmaceutical sector itself is cheerful today and Cadila is doing well. So consider buying Cadila for the day and also as a positional trade. Buy ICICI Bank. This is a largecap. I think ICICI Bank will now outperform the private sector banks. It is already doing that and that should continue for the day. Consider buying Jubilant Foodwork. Small correction, consolidation and breakout, the stock is already an outperformer.”
Speaking about the individual stock ideas, Sukhani said, “Dabur had a handsome gain on Friday and suggests that a continuation of that up move is likely. It has already broken out of a trading range. So Dabur is a buying opportunity. Havells is almost at new highs. It has been rallying consistently for the past three months. This is market is again rewarding outperformers. So Havells is a buy. Both are trades for today and positional trades also if you want to carry them for a few days. Infosys had a breakout on Friday and it then confirmed a bullish head and shoulder suggesting a significantly higher level, higher target.”
“I have two intraday short sells, JSW Steel which is falling apart, I do not the reason, but I am downbeat on metals anyway and ICICI Prudential. I remain downbeat on NBFCs,” he added.
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