Buy Maruti Suzuki, M&M on any decline: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Maruti Suzuki, M&M on any decline.

Sukhani told CNBC-TV18, "Maruti Suzuki still looks interesting at the Rs 1430 levels. It is worth buying. What happens is that some stocks will do their own thing irrespective about the broad market does and Maruti is likely to be one of them and so is Mahindra and Mahindra (M&M). So both the stocks should be bought into. Whenever you see a small mild correction, it is good idea to go long in them. He further added, "Glenmark Pharma was in an uptrend anyways, so today’s upmove is simply a continuation of what is an ongoing bull market for Glenmark. I am not a big fan of buying just after a big move has come about because the markets will go into some range; some choppiness and we get worked upon that. So Glenmark has be a buying opportunity and it will be again when it consolidates but not today." "I am afraid to suggest short trades in these 3-4 private sector bank stocks simply because if and when the Nifty rallies, they would be the first to move up. So the short trades are already available in the PSUs, we have discussed them a PNB, Bank of Baroda, Bank of India there are short trades there, it is better to focus on the weak ones."