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 India, Reliance Industries Ltd (RIL), Infosys, Mindtree, Bharti Airtel, ICICI Bank, Apollo Hospitals, Tech Mahindra, Hindustan Unilever, Escorts.
Recommending more specific stocks ideas, Sukhani said, “Tech Mahindra is now willing, in fact most IT stocks are now willing to go higher. So today’s selection is Tech Mahindra. Buy Tech Mahindra. Similarly buy Apollo Hospital. That stock is outperforming and is completely indifferent to the market movements otherwise. It is coming out of a nice consolidation, so, buy Apollo Hospital. Buy Hindustan Unilever (HUL). After a minor and brief correction, it seems ready to go up. Most FMCG stocks are giving good chart patterns.”
“Dabur which is breaking out of a trading range is a buy. All the buys that I am suggesting are not necessarily intraday trades, you can carry them because the momentum to me seems to be on the upside. Reliance Industries is a buy. Reliance closed at the lows yesterday, just like the Nifty did. As the Nifty is gapping up, I am assuming that Reliance will recover yesterday’s losses and head towards the highs of yesterday. That is our initial target, but that is tradeable and worth taking a long position in. Same story with Infosys, closed at the lows. Infosys has been an outperformer except for the last two-three days and that should continue. That is a buy. Mindtree has already broken out of a trading range, it was a little subdued yesterday, news and other things, that should recover today. The only short sell is Bharti Airtel and that should be an intraday short,” Sukhani said.
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