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 Sun Pharmaceutical Industries, Tata Consultancy Services (TCS), United Breweries, Tech Mahindra, Strides Pharma Science (STAR), Bharat Petroleum Corporation Ltd (BPCL), HDFC Bank and NMDC.
“Consider buying Sun Pharma, this stock is building a base and is now slowly getting ready for a big move on the upside. Buy TCS. IT stocks are doing well. In the morning also I spoke about how we should be looking at Tech Mahindra, Infosys. Now in the day time, TCS is the appropriate choice for the rest of the day. United Breweries has been an outstanding performer, stay on the long side,” he said.
“Tech Mahindra is a buying opportunity irrespective of the rupee strengthening. This stock has made a narrow range yesterday. It could be on the verge of a breakout. That may happen in the morning, it may happen tomorrow but it is there. Similarly, STAR is a buying opportunity. So that is a buy with a condition that the entire pharma sector is also looking cheerful so you could go to others but Star is the selection for the day. Same pattern narrow ranges after a big rally, imminent breakout. BPCL is a buy. That small decline was actually a flag line formation, which I would consider to be bullish, significantly higher levels may be coming and finally HDFC Bank is a buying opportunity despite yesterday’s big move, use today’s dip to add, initiate positions there. NMDC is an intraday short sell, we will see what happens there,” he added.
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