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 Britannia Industries, Bajaj Auto, UPL, Siemens, HDFC Bank, State Bank of India (SBI), ACC.
“Britannia is a buying opportunity. Britannia had a big rally and then a small decline which could be a bullish flag. That suggests significantly higher level is coming. Bajaj Auto is at the top of its chart and it is breaking out. It has been in our buy list for long time now, for many days and that continues. UPL has been in an upswing; that decline has come to an end. These are outperforming stocks and my sense is that outperformance will continue if the market is going up. So we focus on the outperformance rather than the dips. Siemens has been a stock that had rallied, small consolidation, I am assuming that the rally should resume. Finally, HDFC Bank. HDFC Bank has been consolidating for months and it is on the verge of a breakout. It is mimicking the Nifty Bank. It is very interesting. That is why I am saying let us focus on the banks,” he said.
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