Maruti Suzuki has target of Rs 1200, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "A lot of these stocks are giving signs of bottoming out whether they prove to be false is a different matter. Yesterday's price action was quite decisively bullish, it went down, found significant support and intraday rally was much larger than the difference between the two closing prices so that's good, close at the top of the day. So Maruti is good for more, it does appear that a short-term target of Rs 1,200 is possible for the stock."
He further added, "Some of the smaller banks are now showing signs of exertion on the charts. Syndicate Bank is a sell because yesterday it did not sustained the higher levels, it went up and then fell down and closed near the lows of the day. So it's not very sure what the message is but Syndicate Bank is a stock maybe it's an individual bank that is getting affected. But it's a short sell, it's not a buy."
