The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today.
He also spoke at length on KPIT Technologies, Siemens, Colgate-Palmolive, Aurobindo Pharma, Jet Airways, Balkrishna Industries, Granules India, and ICICI Prudential Life Insurance.
Talking about stocks Sudarshan Sukhani said, "Granules India had gone through a deep correction. For two months it was moving sideways, consolidating and that consolidation has finally led to a rally a breakout on the up side. So Granules India is a buying opportunity for the day. Rs 98 is a stop loss and Rs 103 is a target."
“First a short one that is Jet Airways. It is a very small and tepid rally and it is not going to do anything with crude, it is going to do with how the company is being managed and significantly lower levels are coming. So that is a short sell," he said.
He further added, “This is a midcap market today at least so KPIT Technologies had a big bear market that bear market has ended and it could now outperform midcap IT stocks so KPIT Technologies is a buy.”
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