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 Dabur, Bajaj Finance, Piramal Enterprises, Hexaware Technologies, Chennai Petroleum Corporation, ICICI Bank, Maruti Suzuki, Larsen & Toubro (L&T), Hindalco.
“ICICI Bank which is just consolidating is almost ready for a breakout, buy ICICI Bank for the day and I have stocks which are coming in a down trend and probably finding some support at lower levels. So these are buy on dip opportunities. Maruti Suzuki has gone through a very severe correction and apparently a bounce back could be in the offing so buy Maruti for a short term bounce back. L&T another stock that has gone through a mild correction and bounce back and is finding support and probably willing to give a bounce back. So the views continues to be buy stocks on dips."
"There are midcap which are building basis and ready to breakout the first of them is Hexaware Technologies. After that big decline a four month base and on the verge of a breakout so apart from today it is also an investing idea. The same applies to Piramal Enterprises (PEL), long duration base building, on the verge of a breakout that breakout would also confirm a bullish head and shoulder, again a positional trade and s short term trade. Bajaj Finance is a buying opportunity, small tight flah breaking on the upside. Dabur is a buy, outperforming the FMCG sector."
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