Watch the entire interview of Sukhani, Siddarth Bhamre of Angel Broking, R Sreesankar of Prabhudas Lilladher, Taher Badshah of Motilal Oswal AMC and SP Tulsian of sptulsian.com with CNBC-TV18's Anuj Singhal and Sonia Shenoy, in which they share their readings and outlook on specific stocks and sectors for the coming year and the one going by.
Sudarshan Sukhani believes the Nifty may correct to 5700 in June and recommends investors to take short positions in Nifty and Bank Nifty
Big mover of the day Apollo Hospitals (up 8.5 percent) rallied after it got included in the MSCI index. Adani Ports (up 6.3 percent) and Polaris (up 6.5 percent) were big gainers among the midcap stocks.
Colgate Palmolive has strong support at Rs 1230, says Sudarshan Sukhani, s2analytics.com.
In an interview to CNBC-TV18 Sudarshan Sukhani, s2analytics.com shared views on the market trend and how one should play it.
L&T may slip to Rs 1100, if it breaks Rs 1300 level, says Sudarshan Sukhani, s2analytics.com.
Post Friday run up, Nifty today ended the day on a flat note at 6074.80. The BSE Sensex ended that day at 20103.35.
Sudarshan Sukhani of s2analytics.com advises buying Hindalco Industries and Jaiprakash Associates on dips.
The Nifty today closed the day at 5952 level, 15.82 points down compared to yesterday‘s close. Infosys today surprised the market with better than expected numbers. However, the Sensex ended the day almost flat at 19663.
Technical Analyst, Sudarshan Sukhani of s2analytics.com feels that Ambuja Cement likely to decline. “One can avoid Reliance Capital,†he adds.
Sudarshan Sukhani of s2analytics.com is of the view that one can hold LIC Housing Finance, Cipla.
First signs of a bear trend have become evident for the market said, Sudarshan Sukhani, s2analytics.com. The downtrend became evident when the market opened high and closed at the lows of the day, for three successive days.
Short ITC, says Sudarshan Sukhani of s2analytics.com.
The 30-share BSE Sensex closed near seven-month high on Thursday, though it remained lacklustre throughout the session. The index, which rose 708 points in seventh consecutive sessions since September 6, gained just 21.13 points today to close at 18,021.16.
Even as the environment in terms of fund flows has been supportive for the Indian market, macro factors such as inflation and crumbling GDP numbers may pose a situation where it would be very difficult to expect a run-away market from here, said Ved Prakash.
Sudarshan Sukhani of s2analytics.com, says that the short-term traders do not have any positions. He also says that the Nifty can touch 5300 level.
Sudarshan Sukhani of s2analytics.com, says that that the short term momentum is on the upside so I am taking long positions. Today if there is any positive news development then he plans to go for profit booking at 5250 levels. He has a bullish bias today and with he plans to buy on dips.
Technical analyst Sudarshan Sukhani of s2analytics.com expects Nifty to slip below 5,100 levels today. However, he hopes that long positions taken yesterday would be maintained since Nifty has a strong support at 5,100 level.
Markets go through cycles of optimism and pessimism, when we are optimistic we are optimistic we to extremes.
Suzlon Energy has refuted the talk of Alstom eyeing REPower, reports CNBC-TV18. Meanwhile, in the month of March 2012 REPower has got 750 million euro bank loan.
Sudarshan Sukhani of s2analystics spoke to CNBC-TV18 about where the market is likely to go today and what are the best ways to play the rally.