Tata Motors may rally to Rs 255- 260: Sukhani

Sukhani told CNBC-TV18, “It’s quite possible that the Nifty can go to 6000 and then come back to 5000, so to that extent it’s difficult to say the worst is over for these stocks.”

He further added, “At this point Tata Motors has an excellent bullish pattern that it’s just beginning to see a break out of. So certainly currently I would say that even Rs 255-260 is possible in this stock. A very similar pattern is being made in Tata Steel. It’s a little early, the same pattern.”

“ ACC is beginning to do what Ambuja Cements has already done. So if we were to take a short-term trade today that would be ACC. This is not to say that Ambuja is not in a good mood, it’s in an uptrend. But today’s pick would be ACC.”