The latest analysis and commentary by stock market guru Sudarshan Sukhani of s2analytics.com on what is moving the markets today.
According to Sukhani, the market is coming to a point where they can stall for some days. The approximate band in that area is 10,400. He said, “We are in an uptrend but if the market chop around for three to four days here, then holding any position becomes little meaningless. So the trade is, if you find a significant dip intraday, go long and hold that position, carry it over, but do not get involved in these small moves that can come today.”
Check out his top stock recommendations.
Sells are only intraday; if market is choppy then they will give some opportunities. Kajaria Ceramics, a stock that is falling relentlessly is a short sell and Bajaj Auto which has not participated in the market rally at all.
Buy Tata Consultancy Services (TCS) in anticipation of the results for Infosys.
RBL Bank is a buy. A very attractive bullish head and shoulder has been confirmed here. It is a day trade and also a positional buy.
United Spirits is a buy. It is a day trade and also a positional trade.
First Published:Apr 11, 2018 9:54 AM IST