The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today.
He shared his views and readings on Interglobe Aviation (Indigo), NIIT Technologies, Divis Laboratories, Canara Bank, Tata Chemicals, ICICI Prudential, Bank of Baroda, Tata Steel, Yes Bank.
“ICICI Prudential is a short sell. NBFCs are in a little bit of trouble anyway and the charts suggest that the mini bear market in these stocks continues. So ICICI Prudential is a short sell. Bank of Baroda is a short sell and Tata Steel. All short sells should be done only intraday,” Sukhani said.
Talking about stocks, he said, “Indigo is a buying opportunity. NIIT Technologies is a buy for today. There will be probably a gap down and you should be willing to buy these good quality stocks at a lower price. The levels will change a little. Divis Laboratories is also a buy. So focus on IT, pharma and individual stocks like Indigo.”
“Canara Bank is a short sell and Tata Chemicals which is in a mini bear market is a sell,” he added.
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