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 Ajanta Pharma, Dabur, Havells, JSW Steel, Zee Entertainment, Infosys, Divis Laboratories, Bata India, Tata Steel, Aurobindo Pharma.
Recommending more specific stocks ideas, Sukhani said, “Divis Laboratories is a buying opportunity. The stock has done well and is now rallying even in a weak market as of today. Bata India is another buy. New highs in that stock, small corrections, renewal of that uptrend. So these are outperforming stocks where we should be buying on dips.”
“All metals are short sells. Among the metals I am choosing Tata Steel today for a short sell intraday. However, avoid metals completely,” he added.
Speaking about the individual stock ideas, Sukhani said, “Ajanta Pharma – very attractive breakout is now eminent. It is already in an uptrend. So we are looking at stocks that are in an uptrend if we want to buy, Ajanta Pharma, Dabur, it is outperforming the FMCG pack and Havells. Havells was making new highs even when the markets are contracting.”
“Two short sells only intraday -- JSW Steel. Very disappointing chart, it has given up all its gains and breaking down. Zee which goes up, finds selling and starts drifting down again,” he added.
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