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 ICICI Bank, Kotak Mahindra Bank, Sun Pharmaceutical Industries, Kajaria Ceramics, CESC, Indraprastha Gas, Dr Reddys, Apollo Hospital, Interglobe Aviation, Tata Communication, Tata Motors, Maruti Suzuki, Ashok Leyland, Bajaj Auto.
Stock specific, Sukhani said, “Apollo Hospital is a buy. It is luckily also something which is aside from the indices, it can go up even when the indices are flat as it is doing today. That is a buying opportunity. The second is Interglobe Aviation (IndiGo). IndiGo has already seen a run up but I think there is more upside here. So IndiGo is a buy. Third is a short sell, Tata Communications. Just keep it intraday, but focus on the buys.”
On stock specific recommendations, Sukhani said, “ICICI Bank and Kotak Mahindra Bank are both buying opportunities. I have explained how Kotak is now coming out from a bullish head and shoulder pattern. It is not very neat, but it is there and it is a significant upside. ICICI Bank has been consolidating and another renewed up move is imminent in this week.”
“Sun Pharmaceutical from the pharmaceutical space – pharmaceutical has been doing well and yesterday was a breakout day. Kajaria Ceramics which is in the F&O segment, which was in the bear market has now recovered and rallied quite nicely. There is more momentum here,” he added.
On the short side Sukhani said, “CESC is a short sell just for intraday.”
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