The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today.
He also spoke at length on Dabur, Aurobindo Pharma, MRF, Coal India, Engineers India, Tata Elxsi, HDFC Bank, Repco Home Finance, Maruti Suzuki.
Speaking about stocks, Sudarshan Sukhani said, “Tata Elxsi from the IT pack is a short sell. We have already seen how IT is collapsing and reacting to the rupee strengthening that is likely to continue. Repco Home Finance is a short. I am not upbeat on NBFCs and I am pretty downbeat on the housing finance companies so that is how the trade is shaping up. One buy is HDFC Bank, this is a day trade.”
“The list is primarily midcaps. There are some stocks that are doing well and in choppy markets such as this where we see rallies and declines it is worthwhile looking at them for buying. Dabur seems to have bottomed out. It has a positional trade here and as well as a short term trade for today. That is a buying opportunity.”
“Aurobindo Pharma is getting ripe for a very big rally it is in a trading range after that big rally for last 3-4 weeks. It is ready almost, we want to buy it. We have a modest target for the day and we want to keep a positional trade here on the long side.”
Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/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.