Technical analyst, Sudarshan Sukhani of s2analytics.com spoke with Sonia Shenoy & Reema Tendulkar of CNBC-TV18. He shared his reading and outlook on the market and also gave recommendations on various stocks.
Market experts suggest investors to go short till 5,750 and recommend bets on the pharma sector while clearly avoiding PSUs.
Market experts advise investors to go short and start booking profits as the market slips into a downtrend. Experts add that investors could enter ITC, RIL with long-term view.
The 8.20 percent government security maturing in 2025 dropped to Rs 106.28 from Rs 106.40 yesterday, while its yield edged up to 7.41 percent from 7.40 percent.
MMTC Ltd expects its gold jewellery and silver sales to double to Rs 30 crore during the Akshaya Tritiya festival.
Sudarshan Sukhani, s2analytics.com is bullish on the market next week. He expects the rally that started on Thursday to continue.