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 Axis Bank, Syndicate Bank, Jain Irrigation, HCL Technologies, TVS Motors, Hindalco, Bharti Airtel, Vedanta, Sun TV, Titan.

Recommending specific stocks ideas, Sukhani said, “HCL Technologies is a buy and not only HCL Technologies, you could buy Tech Mahindra or even Tata Consultancy Services (TCS). All three of them are buying opportunities. Vedanta is a short sell. Hindalco is a short sell. For today I have Vedanta but you could be looking to sell any of the metal stocks, all of them are looking ahead for lower levels. Sun TV is a short. Sun TV is breaking down from support levels.”

Speaking about the individual stock ideas, Sukhani said, “The banks are a short sell; that is my view. It is easy to get canceled out in the banks; they can be very volatile. However, for whatever it is worth, I would be short in Axis Bank for the day and Syndicate Bank which is the weakest of the PSU banks. Both have futures in them, so use that. Jain Irrigation has been a weak stock and that is a short sell because the idea was to be mainly short.”

“HCL Technologies and TVS Motors are buying ideas. I do not think traders should rush in to buy, but if you see a sense of stability in the market, both could outperform in the next couple of days,” he added.

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First Published:Dec 5, 2018 9:47 AM IST