Hold Tata Motors, says Sudarshan Sukhani

Sukhani told CNBC-TV18, "It’s wise to hold on Tata Motors because it’s the best of the lot and the uptrend is not over, earlier we had given a target of Rs 325 for Tata Motors that now seems within reach. The chances are that it’s going to cross Rs 325 threshold and go higher. Once it does that I would advice the investor to start booking partial profits, because the chances of a consolidation between Rs 325 and Rs 360-370 are strong, so in that consolidation you should probably be looking to exit a lot of your position."

He further added, "The stock that looks most attractive next to Tata Motors is Hero Motocorp . It is possible that you can switch to Hero Motocorp by selling Tata Motors but that would be unwise because Tata Motors is the best of the lot, you want to switch to another sector once you get out of this one and that would be banking."

"Midcap PSU banks like Canara Bank , Dena Bank and Vijaya Bank and you can choose your pick from them and then go for ICICI Bank and Axis Bank . So now you cannot do distribution of all five, pick one private sector bank of the two and pick one PSU and that should be okay."