According to Sudarshan Sukhani both the Nifty and the Bank Nifty are a buy in the morning. However, for the Nifty he would keep a stop loss at 8100.
With the Christmas rally seen over the world indices, our market too is likely to rally believes Sudarshan Sukhani of 2analystics.com and expects higher levels by January 1.
He is upbeat on both the Nifty and the Bank Nifty and advices one to buy them in the morning. However, for the Nifty he would keep a stop loss at 8100.
With regards to trading ideas for the day, he has a buy on Dr Reddy's , Hexaware Technologies , MindTree , Coal India , Adani Enterprise and Ashok Leyland .
However, he does not think there is any juice left in Jet Airways and in fact advices taking profits in the counter.
Dr Reddy's has been through a sharp correction and is now in a trading range, which could be a precursor for a big move believes Sukhani.
Hexaware and MindTree both are a hold, a day trade as well as a positional buy, says Sukhani.
More to come
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Christmas rally to continue; buy Nifty, Bank Nifty: Sukhani
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