Buy Tata Motors on dips, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "If I am a position trader, I would hold longs in Tata Motors. If I am not and if I want to take a long position Tata Motors still is ideally situated. These stocks haven't given any signs of reversal. Today we are just assuming that they must begin to do so, but that's not enough to take a reverse position. Tata Motors remains a buying opportunity. What we can do to protect ourselves is to buy it on a dip. For intraday traders, wait for an intraday dip and buy it. The trade is on the long side."
He further added, "I would exit BHEL . Any long positions should be closed without any question. Wherever it starts 5-4% after this big gap down becomes a sell. So this will be one of the first majors to give us a clear sell signal today. It's also now a short-selling idea for aggressive traders, for professional traders."
