In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics shares his outlook for the market and his preferred stocks going ahead. He is bullish on the market from a longer-term perspective and expects it to continue trending higher.
In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics shares his outlook for the market and his preferred stocks going ahead. He is bullish on the market from a longer-term perspective and expects it to continue trending higher.
Sukhani anticipates Nifty to touch 10,000 in 2015 and recommends going long on the market. Among stocks, he is bullish on ICICI Bank and suggests buying on dips or continue holding positions.
He is also bullish on Hexaware as the stock has already seen sharp correction and is a definite 'buy on dips.' According to him, since the stock has fallen sharply in the past, it is likely to bounce back going ahead.
Sukhani, however, is bearish on metals and suggests avoiding the pack for now.
Below is verbatim transcript of the interview:
Q: How is the Nifty itself shaping up for the January contract, is there a lot of steam left?
A: No, it is becoming uncertain. There was a large decline in the US markets yesterday and it is quite possible that some of that may come back on us and affect us. So, we are in a trading range, the best we can do is when we enter a trading range we take a bias which is for the long-term trend which is up and we get stopped out if the trading range breaks on the downside.
You never know what will happen once the markets go into a huddle. So, we will assume this market will go up but we will protect ourselves with the 8180 stop in the Nifty; that is the best strategy I can suggest and that is what we are doing, that is what viewers should do; don't go short, don't try to trade. Catch the small moves inside this range, have a view, if it doesn't work out, get out.
The same applies to the Bank Nifty and the CNX IT; you should be long or try to be long with appropriate stops which we keep on telling.
Anda sedang membaca artikel tentang
See Nifty at 10,000 in 2015; like ICICI Bank: Sukhani
Dengan url
https://segarsaries.blogspot.com/2015/01/see-nifty-at-10000-in-2015-like-icici.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
See Nifty at 10,000 in 2015; like ICICI Bank: Sukhani
namun jangan lupa untuk meletakkan link
See Nifty at 10,000 in 2015; like ICICI Bank: Sukhani
sebagai sumbernya
0 komentar:
Posting Komentar