According to Abhijit Paul of Alphative Advisors, one may buy Hero Motocorp on dips. "It has a strong support close to Rs 1,900-1,950," he adds.
Abhijit Paul of Alphative Advisors told CNBC-TV18, "Hero Motocorp is one of the very few stocks in the market which have been showing strength for quite some time. If we just go 7-8 weeks back when the market were in quite a sell-off mode, this is one of those few stocks, which were slowly inching up. It held on to its uptrend fairly well. It had and still has the strength in it."
"What we are seeing is the short-term correction in the overall uptrend. Very strong support lies close to Rs 1,900-1,950 mark in the futures market. So any dip in the stock from hereon should be used to buy into it," he said.
Disclosure: I have no personal holdings in the stock discussed.