Sell Tata Motors (DVR): Sukhani

Sukhani told CNBC-TV18, "Tata Motors DVR has been a disappointment. I had assumed that it would rally from the lows that it made but that hasn’t happened and the DVR is now under performing the equity. So the DVR is a sell, yesterday it saw a narrow range day. That narrow range day usually resolves itself in the direction of the trend.”

He further added, “The trend is clearly on the downside. So we are looking at a breakdown, maybe Rs 125 is the target but if the markets turn choppy for a few days the targets could be exceeded on the downside.”