Stay away from Tata Motors: Sukhani

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Stay away from Tata Motors: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that one should stay away from Tata Motors.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Hold Tata Motors: Indiabulls Securities Tata Motors surveys 2 sites near Dharwad Tata Motors to roll out 3 Nano variants, skt slips ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Tata Motors See messages about Tata Motors Tata Motors BSE | NSE 28/05/12 Are Mutual Funds betting on Tata Motors?

Technical Analyst, Sudarshan Sukhani is of the view that one should stay away from Tata Motors .

Sukhani told CNBC-TV18, "Tata Motors does not look interesting at all, new lows being made regularly. There are no supports, stay away."

He further added, " Maruti is outperforming but that sector itself is not attractive because again Ashok Leyland has stopped, it has resistance but if at all somebody wants to go for an auto sector stock, Maruti would be the only choice not even Mahindra & Mahindra ."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.