The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today.
He also spoke at length on ACC, MRF, IndusInd Bank, MindTree, Coal India, Jubilant FoodWorks, Havells, Tech Mahindra, ICICI Bank.
Speaking about stocks picks, Sudarshan Sukhani said, "Jubilant FoodWorks is a buying opportunity, focus is primarily on midcaps. This stock has outperformed the Nifty and gives us sense that little more momentum on the upside could be available. Havells is a buy, it is a strong outperformer. Havells has done very well in the market that chops around outperformers quite often so that is a buy and Tech Mahindra is also a buy."
He also added, "There are some midcap stocks that are showing bullish signs and in a choppy market I think they could do well. Cement has a sector that entire sector is showing signs of life. But this can all dissipate if the Nifty starts going down nothing is going to go up. With that caveat ACC is a buying opportunity. So, is Ambuja Cements and so is Shree Cement in spite of yesterday’s decline there is something going on in cement that seems to be attractive for the bulls."
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