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Sudarshan Sukhani on October 31: Buy NIIT Technologies, Aurobindo Pharma, & sell Sun TV

Updated : October 31, 2018 11:32:10 IST

The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today.

He also spoke at length on Bata India, Dr. Reddy's Laboratories, Tata Elxsi, V-Guard Industries,  Max Financial Services, NIIT Technologies, Aurobindo Pharma, Sun TV and Aditya Birla Capital.

Sudarshan Sukhani said, " We have NIIT Technologies where a buying opportunity exists, NIIT Tech has been an out-performer in the midcap IT sector. So, also is Aurobindo Pharma, makes new highs consolidates makes new highs again so NIIT Tech and Aurobindo Pharma are both buying opportunities for the day. Sun TV which is in some kind of a mini bear market is a short sell. Short sell should be done only intraday."

“Bata India that favourite company has now come and completed a correction. A very nice attractive bullish pattern is in place, so buy Bata India. Second buying idea is Dr. Reddy's Laboratories from the pharma space. You could actually buy a pharma fund, I have been talking about it for 6 months, if you have still not bought a pharma fund I am surprised. You don’t even have to select stocks. But for those who want to select stocks Dr. Reddy's Laboratories is a stock for today. Tata Elxsi is an out-performer in the midcap IT segment and IT I think should outperform again. So that is a buying opportunity. V-Guard Industries comes in the buy list after a long time. There was a deep correction that correction is over it seems and it is probably going to do what it did earlier so there are 4 midcap buying ideas broadly and just to balance it out Max Financial Services is a short sell," he added.

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.
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