Buy Tata Motors, Maruti Suzuki, M&M on dips: Sukhani

Sukhani told CNBC-TV18, “I would be a buyer in auto stocks. My choice remains first Tata Motors, second Maruti Suzuki, and third Mahindra and Mahindra. Let this small decline be done with tomorrow or day after or maybe even today afternoon, the idea should be to go and buy these dips. There is nothing wrong with the auto stocks, the trend are clearly up, you just need to buy little lower so that entry points are much better.”

He further added, “I’ll be cautious on the stocks that haven’t performed anyway that for example includes ONGC , includes all the metal stocks and now I am cautious on pharma in the short term. So, pharma, metals and individually ONGC are stocks that I would not touch if I am worried about market reactions. These are the ones which fall the first and the most.”