Tata Motors has target of Rs 270: Sukhani

Sukhani told CNBC-TV18, "Tata Motors broke the levels much earlier not today and I have been suggesting that we should go and buy it. It is a stock that you want to be long in whether Tata Motors or DVR and a target of Rs 270 has been explained. So it is not necessary for the stock to rise by breaking a level everyday. The levels are broken and momentum is established and that momentum takes the stock on and off eventually to higher levels."

He further added, "There are any number of blue-chip companies which are giving very good rewards, you can leverage it by buying calls, by buying futures and go for unleveraged positions in equity. Why should you want to leave an ICICI Bank or a Tata Motors and come to Suzlon Energy where there is so much risk. This happens in the later stages of a bull market. Fortunately, we are not in that stage yet that means there is a lot more to go on the upside."