Feb 13, 2013, 09.30 AM | Source: CNBC-TV18
Go long in Bajaj Auto, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "Bajaj Auto is a stock that doesn’t go down. It just corrects a bit and then says okay I am willing to move up again. Good stocks have to be identified and stayed with and Bajaj Auto is one of them."
He further added, "At some point the uptrend will be over but we have no idea when that will come about. For the time being a long trade in this stock hopefully supported by the Nifty is a good idea today and tomorrow. These long trades we are discussing are essentially for a couple of days for short-term traders."
Disclosure: I have no holdings in the stock discussed.