Mar 29, 2012, 05.43 PM IST | Source: CNBC-TV18

Hero Motocorp may rally to Rs 2200: Sukhani

Hero Motocorp may rally to Rs 2200, says Sudarshan Sukhani, s2analytics.com.

Hero Motocorp may rally to Rs 2200, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, ONGC has been falling and todays half dying moments rally can easily be ignored. The same applies to BPCL . If you want to look at charts that are really meaningful then we should be looking at Hero Motocorp, which has been consistently rallying for the last six days, is breaking out above some significant resistance and is heading towards Rs 2,200. I have positions in that but my point was that there are good charts also. These half and hour rallies can be ignored.

He further added, The sugar stocks have literally fallen off the cliff and the trading here is either you go and short sell them which is not easy because they have fallen so much and there are a lot of trading tactics required for short selling and the other is you simply avoid them. There is no buy on dips strategy here. So thats how all sugar stocks need to be looked into, not just Renuka. TVS Motor has been a disappointment. You dont touch it. There are so many other companies. Even Maruti after a big decline will be a much better opportunity to buy into. Just stay away.

Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Narendra Modi

103685.95 2,794.05 2.77%

1326

Bought today

174

Sold today

0.96%

User holding

video of the day

Add cyclicals, banks on positive poll outcome: UBS

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.