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May 30, 2012, 01.39 PM IST
Sudarshan Sukhani of s2analytics.com is of the view that if Tata Motors hold above Rs 250 for next two week then it is a buy.
Sudarshan Sukhani of s2analytics.com is of the view that if Tata Motors hold above Rs 250 for next two week then it is a buy.
Sukhani told CNBC-TV18, “It is not a good time to average now although I agree that Tata Motors is still in a bull market but we do not know whether this is the low of this move. We do not know whether its stopping at Rs 255 or it will go to Rs 240-230. So today is not a good time to average. Let that dust settle. That means wait for few days or few weeks and once Tata Motors shows that it is not falling then I would suggest one should go and buy but not today. He further added, "The base is at Rs 250 so the chances are that it’s going to keep bouncing from Rs 250 and somewhere around Rs 250 it should dip and rally. If Rs 250 holds for the next two weeks, a new level holds then buying is suggested.” Disclosure: I have no personal holding in the above mentioned stock.
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