Buy Tata Motors, Infosys, TCS: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Tata Motors on dips. In the IT space, long term investor can buy Infosys, TCS, Wipro and HCL Technologies.

Sukhani told CNBC-TV18, “Tata Motors is a buy on dips. Every time there is a small dip you buy it. But this is not a dip. I think I would take profits. Wait again for these inevitable opportunities to come. The trade in Tata Motors is always to go long, it is not a short selling idea and I expect it to continue its rally. He further added, “The four IT majors, Infosys, TCS, Wipro as well as HCL Tech - all have very attractive charts. The CNX-IT index itself suggests that it is bottoming out and ready to begin an upmove. So there is a very clear contradiction between what the charts are suggesting and what the market is doing today. Generally the charts prove themselves over the long run, so I would be a buyer in these stocks.”