Sudarshan Sukhani, s2analytics.com advises traders to buy Maruti Suzuki and M&M on decline.
Sukhani told CNBC-TV18, “Maruti Suzuki and Mahindra & Mahindra both are excellent stocks, both are good. I have been very upbeat on M&M even on the days when it was declining; I had suggested these are the buying opportunities.”
He further added, “ Maruti Suzuki , we had been tracking on the long side and I have said that this is a stock that is crossing Rs 2,000 not immediately of course but sooner rather than later. We do not worry about the valuations, momentum is very strong. Both stocks should be in your buy list. For example, now when the Nifty is choppy, whenever there is a small dip in these stocks, one should go and buy them.”
" Pantaloon Retails has probably overshot its original targets. There is a lot of resistance that is likely to be encountered now. The only stock that I think has very good potential for rally is Shopper’s Stop . Pantaloon is something I would avoid.”