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Sudarshan Sukhani on February 4: Buy Colgate-Palmolive & sell Mahindra & Mahindra, JSW Steel

Updated : February 04, 2019 11:09 AM IST

The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today.

He also spoke at length on United Breweries, Larsen & Toubro (L&T), Kajaria Ceramics, Zee Entertainment, Tata Chemicals, Colgate-Palmolive, Mahindra & Mahindra, and JSW Steel.

Speaking about his recommendations  Sudarshan Sukhani said, “Mahindra & Mahindra is a short sell, the charts are terrible, support levels are breaking so look to go and sell M&M. Sell JSW Steel. It is part of the metals pack which is pretty bearish as a sector also. Colgate-Palmolive is a buy.”

He added, "I am focusing on midcap stocks. United Breweries did well on Friday I think that momentum is continuing. It is at the higher end of trading range. It could also breakout on the upside. So United Breweries is a buy. L&T is a buying opportunity. It is a short term buy. If the markets are choppy some stocks go up and L&T should be one of them. It had a good day on Friday also. Kajaria Ceramics is also a short-term buying opportunity. Massive rally in Kajaria Ceramics is impressive and probably some more momentum should be there.”

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.
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