Buying opportunity seen in Apollo Tyres , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Apollo Tyres went through a bear market of its own. That seems to be over. It then consolidated at the lower end of a small trading range and it's now inching its way upward. So what is the context in the market? The context is that we are in some kind of a trading range in the Nifty itself. But this range has come after a period of gains. So it is possible that a lot of stocks will keep on showing upward momentum while the market decides and chops around."
He further added, "Apollo Tyres momentum is on the upside and that can persist even in a choppy market. So here is a buying opportunity. Target is Rs 66 and Apollo does wonderful things when it begins momentum. So you never know where it can go."
