Maruti Suzuki has target of Rs 1210: Sukhani

Sukhani told CNBC-TV18, "IT has been an outperformer. We have talked about Wipro, Tata Consultancy Services (TCS). HCL Technologies is number two, just next to TCS. So we want to go and stay with outperformer. We do not know what kind of markets reward will be available to the midcaps, the ones that were beaten down. We know that the market is already rewarding these better performing stocks. HCL Tech has been outperforming, it is likely to continue. Today it will do what the Nifty does, probably better."

He further added, "Maruti Suzuki has done its bit on the downside and all the news is discounted. It is making a fairly bullish pattern. It is on the verge of closing the gap that was created when the strike and other things had started. That gap is now likely to be filled up. So it has a target of Rs 1210 or even higher which is a short-term target but once it fills the gap and begins a move towards Rs 1210, it would begin its new uptrend."