The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today.
He also spoke at length on Dr Reddy's Laboratories, Motherson Sumi Systems, Mahindra & Mahindra (M&M), NMDC, Just Dial, Divi's Laboratories, Havells, Hexaware Technologies, Bosch.
Talking about stock ideas, Sudarshan Sukhani said, “For today I have two buying ideas one is Divi's Laboratories it comes from my favourite pharma pack. Small corrections then resumption of rallies it is a classic bull market scenario. Consider buying Divi's Laboratories. Buy Havells which has been an outperformer so while outperformance can become relative at this point at least for today Havells should do well because the market is still little choppy at least at Rs 700. Hexaware Technologies is a short sell, it is the weakest of all midcap IT stocks so two buys one sell and exit for the Nifty longs.”
“I have only positional trades for the buyers and Dr Reddy's Laboratories is a buying opportunity but they are not intraday trades. Because today I don’t have a view on the market. Dr Reddy's Laboratories has seen a significant dip a sideway correction and is now renewing its up move. If you are looking got a positional trade this is a perfect trade. Pharma is an outperforming sector.”
Follow stock recommendations by Sudarshan Sukhani here:
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.