Mar 02, 2013, 12.08 PM IST
Sudarshan Sukhani, s2analytics.com advises traders to buy Bajaj Auto and Sun TV.
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Buy Bajaj Auto, Sun TV: Sukhani
Sudarshan Sukhani, s2analytics.com advises traders to buy Bajaj Auto and Sun TV.
Like this story, share it with millions of investors on M3
Buy Bajaj Auto, Sun TV: Sukhani
Sudarshan Sukhani, s2analytics.com advises traders to buy Bajaj Auto and Sun TV.
Sudarshan Sukhani
Technical Analyst
Sukhani told CNBC-TV18, "You have to stick with good quality stocks; this is a theme I have expounded many times. What happens is that Bajaj Auto has been in a strong up trend. A minor correction in Bajaj Auto took place and that correction seems to be over. The up trend should resume even if the Nifty were to start cracking down assuming - Bajaj Auto would distinctly outperform."
He further added, "The downside risk is small and any minor rally in the Nifty, Bajaj Auto could cross Rs 2120-2150 which gives us a handsome gain from current price levels. So, this is a stock that is worth buying into next week. A similar stock comes into mind and that is a recommendation for buying and that is Sun TV. Sun TV doubled itself after that doubling it then went through a minor correction and that correction seems to be over and it has begun its rally again. In choppy markets such as this we should stay with quality and in quality we should stay with stocks that are in confirmed up trends. Both the stocks I have suggested are that."
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Modified provisions under GAAR effective April 1, 2016
- No change in standard rate of excise duty, service tax
flashes
- FM speaks to CNBC TV18
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Salaried Person
REACTIONS
reaction on: Markets
Mukesh Kumar
Head - Strategic Planning | HDFC ERGO General Insurance
reaction on: SME
Snehdeep Aggarwal
Founder & Chairman | Bhartiya International
reaction on: Policy
Sanjay Sanghvi
Partner | Khaitan & Co
reaction on: Business
Govind Shrikhande
MD | Shoppers Stop
reaction on: Business
Gaurav Gupta
Sr Director | Deloitte
What got Cheaper / costlier?
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