Buy Maruti Suzuki, Bajaj Auto on dip: Sudarshan Sukhani

Sukhani told CNBC-TV18, "The auto space can be divided into two parts - the ones that are doing well and the one that need to be ignored. For example, TVS Motor is something that should be ignored completely. With some regret Hero Motocorp is now in a position where it is broken support levels including Rs 1800, so we will let it be."

He further added, "I don’t actually shot such a blue chip stock where there is no buying here. On the other side Maruti Suzuki which has a good chart, M&M which also has a satisfactory chart and Bajaj Auto which has an excellent chart, all three of them are buy on dips stocks."

" Jain Irrigation support comes somewhere around Rs 50. My own sense is that since it has already broken the Rs 75 level and it is sliding after that there is nothing to hold it. Eventually it should reach Rs 50. It is not just Jain Irrigation we have seen so many of the infrastructure stocks also. This entire scenario gets very worrying."