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Aug 30, 2012, 07.18 PM IST
Buying opportunity is seen in Tata Motors and Wipro, says Sudarshan Sukhani, s2analytics.com.
Buying opportunity is seen in Tata Motors and Wipro , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, “Charts of both Tata Motors and Wipro are very attractive. Wipro seems to have completed a bear market of some kind. It is now playing catch-up with the other IT stocks. Since it has more headroom, it is probably the best buying opportunity as of now. The same applies to Tata Motors.”
He further added, “Tata Motors is now developing a trading range. Somewhere around Rs 225 it finds support and on the higher side Rs 250. As it is at the lower end there is a reason to buy it. It is just that today is not a good day to buy anything. Tomorrow if we see follow up strength or the beginning of some strength, both these stocks should be bought into.”
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