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 HDFC Bank, Reliance Industries Ltd (RIL), LIC Housing Finance, Hindustan Unilever Ltd (HUL), Tata Steel, Zee Entertainment, Infosys, ICICI Bank, Colgate, NIIT Technologies.
“ICICI Bank is a buying opportunity. Banks are outperforming and ICICI Bank is outperforming in that lot. So consider buying ICICI Bank. The other two are midcap buying ideas. Stay on the buy side. First is Colgate. Colgate is now coming out of a small consolidation, hoping to see higher levels. The third is NIIT Technologies. IT is doing well and I think NIIT Technologies should outperform,” Sukhani said.
“Starting with HDFC Bank, we want to buy it and I expect the Bank Nifty which was underperforming to play catch up. That is a buying opportunity. RIL is a buying opportunity. It is a no-brainer buy for everyone. You must have RIL in your portfolio and also as a short-term trader. LIC Housing Finance is the only one I have among the midcap. It is showing some very attractive patterns. Let us see where it goes but it is worth looking at, so that is a buy. The big boy HUL, small consolidation breakout. Tata Steel is a short sell intraday, that is simply if you have long positions, you can go and short it because it is a hedge, not independently,” he said.
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