Keep stoploss at Rs 360 in Cummins India , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "All the beaten down stocks are now beginning to rally and tell us that something is going on because market breadth is improving day after day and Cummins has been a stark underperformer but that underperformance maybe coming to an end at least in the short-term."
He further added, "Once these stocks starts rallying because they are high beta we also get significant gains if we can catch them, its early catch in Cummins, its just breaking out of a trading range, so there is a long trade here. We just keep a very tight stoploss at Rs 360 and look for modest targets; if they are reached you can keep a trailing stop."
