Moneycontrol
Jul 09, 2013 06:33 PM IST | Source: CNBC-TV18

Buy Maruti Suzuki for short term: Sukhani

Sudarshan Sukhani of s2analytics.com feels short term trader can buy Maruti Suzuki India. "It is in an overall long-term uptrend," he adds.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Maruti Suzuki India is finding support somewhere around the Rs 1500-1520 area. I would be a buyer because it is in an overall long-term uptrend."

"When I saying buying, we have to see the context of the market - if on Wednesday, the market opens 20-30 points lower then clearly this buying is not a good idea, but for a short-term trader the thrust on Maruti should be to buy it not to sell it." he said.

Maruti Suzuki India closed at Rs 1,543, down Rs 8.65, or 0.56 percent. It has touched an intraday high of Rs 1,548.60 and an intraday low of Rs 1,521.30.

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