Buy Cipla, Tata Motors (DVR) on any dips: Sukhani

Sukhani told CNBC-TV18, " Cipla is a buy. It is a very good chart, its a bullish pattern and its breaking out. I think the breakouts are getting tempered because the broad market is not helping but even assuming that we open 60 points lower, go down, any dip in Cipla should be use to accumulate, add and initiate long positions. This is a positional trade.

He further added, "Apart from whatever is going on fundamentally, the Tata Motor’s DVR chart suggests that Rs 148-149, it came to a strong support level and from there it saw a bounce. I would be a buyer in Tata Motors'differential voting rights (DVR) even if it falls below Rs 148 today because that is a strong support. This is a buy on dip stock.”