Do not buy auto stocks: Sukhani

Technical Analyst, Sudarshan Sukhani suggests not to buy auto stocks.
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Dec 12, 2008, 12.47 PM | Source: CNBC-TV18

Do not buy auto stocks: Sukhani

Technical Analyst, Sudarshan Sukhani suggests not to buy auto stocks.

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Do not buy auto stocks: Sukhani

Technical Analyst, Sudarshan Sukhani suggests not to buy auto stocks.

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Sudarshan Sukhani, Technical Analyst, .
Technical Analyst, Sudarshan Sukhani suggests not to buy auto stocks.

Sukhani told CNBC-TV18, " M&M , Tata Motors were looking bad earlier also and the rally was primarily just an excuse for I suppose for some smart money people to get out of them. I donít think auto is an industry or a sector that is doing well, it is not even an outperformer. So, I donít suggest anyone buying into it. Anyone trading in it on the long side, construction, cement and PSU banks are the favourite sectors."

Disclosure: Analyst has delta neutral positions in the Nifty and investments in shares.

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