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Sudarshan Sukhani on November 22: Buy RBL Bank & United Breweries; Sell TVS Motors
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Sudarshan Sukhani on November 22: Buy RBL Bank & United Breweries; Sell TVS Motors
Nov 22, 2018 12:48 AM

The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about Bajaj Auto, Balkrishna Industries, Coal India, Aurobindo Pharma, Raymond, Bank of Baroda, ITC, RBL Bank, United Breweries, TVS Motors, Ashok Leyland.

Recommending specific stocks ideas, Sukhani said, “RBL Bank is a buy. There are some banks which are doing well and United Breweries is a buy. In fact all the liquor companies are having attractive momentum today. TVS Motors is a short sell. All three trades should be done only for the day because there is a weekend ahead; no need to carry positions.”

Speaking about the individual stock ideas, Sukhani said, “Three short selling ideas. Bajaj Auto had a big down day yesterday. So some momentum on the downside today should be possible. Balkrishna Industries opened higher yesterday and then throughout the day it went on falling and that momentum should continue for the day today also. Coal India which has broken all kinds of support levels and is slowly becoming a positional short.”

“Aurobindo Pharma is a buy. It is an investment buy, a position trade and a day trading buy. Raymond is a buy. Just take a day trade; there is some news there so that is triggering a rally,” 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.

First Published:Nov 22, 2018 9:48 AM IST

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