Exit Bajaj Auto: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one can exit Bajaj Auto. “I would not buy Wipro" he adds.

Sukhani told CNBC-TV18, “Entire IT sector has been very disappointing. So I would not pick up Wipro isolated and go and buy it, the sector also needs to perform which is not happening. I would just leave it alone.” He further added, “I am very gratified because when Bajaj Auto was Rs 1,800, we had given repeated buy signals and suggested it is likely to cross Rs 2,000. Once the stock hits the target then it should go out of the radar because then the only effort we are making is to exit at the maximum highest possible price, we do not want to add to our positions now. So those who have it, should be looking to exit now either below today’s low or make some strategy for exiting the stock. There is no further buying till new patterns come.”