The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today.
He also spoke at length on Titan, Pidilite Industries, Tech Mahindra, BEML, Tata Steel, JSW Steel, Divi's Laboratories, Mindtree.
“It is a choppy day and choppy days are difficult to trade but some selective stocks will do their own thing. I have two buying ideas. One is Divi's Laboratories, it is a part of the pharma pack which is doing very well, so it is a buying opportunity. In fact the entire sector is a buying opportunity for the day. The second is Mindtree these two defensive plays come into picture when the markets become choppy IT and pharma and that is happening today. So, Mindtree is also a buying opportunity after that big decline Mindtree has built a small base and is now rallying. So there are two buys from the two most appropriate sector pharma and IT."
“Go for the stocks that are already outperforming. Titan is one of them so consider buying Titan. It is in an uptrend so even if we have one day of choppiness and it doesn’t favour us eventually it should so similarly Pidilite Industries has come out of a small correction it is now ripe for a big upmove. Pidilite Industries is a buying opportunity. Tech Mahindra is a buy it is on the verge of a breakout. Two short sells Tata Steel, I am down beat on metals for some time now. BEML is a day trading short."
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