Buy TVS Motor on dips, says Sudarshan Sukhani of technicaltrends.com.
Sukhani told CNBC-TV18, " India Infoline - yesterday's rally was very unusual, in the afternoon just before expiry the stock went up. Expiry does strange things to stocks, so we will forget that rally. Once we ignore that half an hour rally or one hour rally India Infoline has broken down from a very large trading range, it's going lower. The small support that we see sometimes occurring is only a consolidation before that next leg begins. So at Rs 52 I would assume that India Infoline is heading much lower."
He further added, "TVS is a perfect buy on dip stocks. Yesterday's rally tells us that at least we should be looking to buy it. The next leg of the rally will come only if the Nifty holds that we cannot say but TVS should be in the buy list just like Hexaware was. You should not think of going short on rallies, it's going up."
