The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today.
He shared his views and readings on L&T Finance Holdings, Tech Mahindra, Piramal Enterprises, Tata Steel, Sun TV Network, HDFC Bank, DLF, Amara Raja Batteries, Infibeam Avenues.
"DLF is a short sell and that is an intraday short and similarly Amara Raja Batteries is also an intraday short both should be considered as very weak stocks in already weak market and therefore looking for more downside. There is also a buying opportunity that i can sense and that is HDFC Bank, it is outperforming and it is probably the reason why market may go up intraday ."
“Talking about L&T Finance Holdings, I have explained earlier how NBFCs are bottoming out. That maybe a false bottoming out process, we don’t know but at this point the charts do suggest that they are finding a base. So, L&T Finance Holdings is a buying opportunity and the same with pharmaceutical. Pharma had a deep correction that correction seems to be getting over so Piramal Enterprises is a buy.”
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