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 Bajaj Finance, Titan Company, Repco Home Finance, Mahindra and Mahindra (M&M), JSW Steel, TVS Motors, Shriram Transport Finance and Mindtree.
"TVS Motor is a short sell, it had a big rally and the recently support breakdown, continuous decline in that stock looking at lower levels. Shriram Transport Finance is another short sell. This is already in the bear market. We saw a rally which was essentially a trap and now again the bears are in full control. That is another stock that should look at lower levels. Just to balance it out, keep this a little cheerful IT stocks have some mild buzz on the upside. So, Mindtree is an intraday buying opportunity. But mainly look to be on the short side or avoid buying."
“Repco Home is a short sell at the lows of its chart and probably looking lower. M&M you have been talking about it and I think a stock that falls consistently and then breaks support levels on news is likely to go lower. So M&M is a short sell and finally JSW Steel – remember how it used to go up day after day and now it is falling day after day. So stocks that are falling in spite of everything - the Nifty was rallying for seven days and these stocks were falling. So we are looking at going short in these three midcaps. Bajaj Finance continues to be a buy. If the markets are choppy, something will go up and this is the one that should and so is Titan. So focus only on very strong stocks to buy, everything else almost is a sell,” he said.
Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/Disclaimer:
The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.