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.”
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