Sudarshan Sukhani of s2analytics.com is of the view that Tata Motors is looking good.
Sukhani told CNBC-TV18, "Some of the four-wheelers are giving good charts and on TVS Motor I am downbeat. Tata Motors is certainly one of the better stocks, now whether its heading higher or not would depend also where the Nifty finally decides to go other than the Nifty drifts down that will cause a problem for all blue chips."
He further added, "Last week I had suggested Tata Motors DVR and this time we are going for the real thing. Its one of the better stocks and you has to be aware of it if the market goes up."
" Mahindra and Mahindra (M&M) has corrected deeply but after that very deep correction. We are looking at some kind of a relief rally and maybe even the renewal of its uptrend maybe this is only a correction. So for M&M I have very ambitious targets of Rs 750 and it's probably one of the better Nifty stocks. The unusual part is that four-wheelers are giving signs of life."
Disclosure: I have no personal holding in the above stocks.
