Sukhani upbeat on Tata Motors

Sukhani told CNBC-TV18, “I am fairly upbeat on Tata Motors. It has done some very nice things on the charts. Some bullish patterns have been repeatedly confirmed. That big decline to Rs 231 was immediately supported. So if the Nifty continues its rally and it should, I am looking at Rs 260-270.”

He further added, “Sterlite Industries was having an excellent chart and it was willing to break out of a strong resistance level which it has done. Sesa Goa because it is been merged with Sterlite or whichever way it is, it is probably going up in sympathy but the trade here is in Sterlite, which suggests that a strong upmove is imminent.”