Hero Motocorp may slip to Rs 1700, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Hero Motocorp could go lower and that's surprising because it's been a rank outperformer.But even the best of stocks will suddenly start doing their own thing. I think it's now in a deep correction. So, Rs 1,700 for a short-term trader is a realistic possibility."
He further added, " Pantaloon is also doing some kind of a consolidation at lower levels. It has fallen so much, suggests that this could be a consolidation, which is some kind of a reversal rather than a continuation of the downtrend, so Pantaloon represents a buying opportunity."
"Some momentum stocks as we know can do significant rallies if we get them at the right time and if they really begin to move up. Pantaloon qualifies as one of those momentum stocks. So buy it Rs 158-160 and if the Nifty decides to move up then a lot of these momentum stocks will give very good rewards."
Disclosure: I have long positions in Infosys . I have no personal holding in the above stocks.
