Buy Tata Motors on dips, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, " Maruti Suzuki India is certainly the least favorite. It's rallied a lot and there was a very bullish pattern. Its runaway, the problem is that if it were to correct the first support comes at Rs 1000. So clearly the risk reward is not in favor."
He further added, " M&M is the best of the lot on charts. Again no fundamentals, I wouldn't know them. On charts M&M is giving the impression of being willing to go through a significant and major breakout as we speak. So, this is clearly the best intraday instrument as well as a swing trading opportunity. Tata Motors is best bough in dips. I think it's run up. So, dips are the ideal way to enter, but M&M is ready."
