Abhijit Paul bullish on Hero MotoCorp

Abhijit Paul, Founder of Alphative Advisors LLP told CNBC-TV18, "Hero MotoCorp is one stock which has not actually mapped the kind of move the Nifty has given in this week but if one sees over the last six odd weeks when the Nifty was actually coming down this was one rear stock which was inching higher everyday. Completely based on the charts the stock is still in a wide uptrend across all time frames and I sense that this stock will be key one within the auto space. So, I maintain my bullish bias for Hero MotoCorp."

"Mahindra and Mahindra (M&M) actually has broken down quite sharply and it mapped the Nifty all the way down. Within the four wheeler space M&M still stays as the weak one. On a relative basis Tata Motors is one which is holding fairly well to its gains in a very wide range for quite some time and actually inching close to its life time high. Tata Motors is a much better pick," he said.