Buy Bajaj Auto: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bajaj Auto.

Sukhani told CNBC-TV18, "Bajaj Auto is a one-way decline. It was a one-way rally and we went on buying it and then it was like a frozen hand, which could not do anything as it started falling. It is very difficult to sell Bajaj Auto, even now in a choppy market today although the stock is making new lows for this down move, I would be a buyer in it.”
He further added, “It is not a good idea to sell short, a couple of these blue chips and Bajaj Auto is one of them. So, maybe yesterday’s big decline was a climactic event, some kind of a selling climax. I would bank on that and consider buying it.”