Buy Maruti Suzuki on dip, says Sukhani

Buy Maruti Suzuki on dip, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "You buy Maruti Suzuki on a dip. Assuming the markets open soft and Maruti dips and then holds on to some kind of levels, any intraday levels that becomes a buying opportunity. You are buying at hopefully 15-25 points lower. The target for the current thrust would be Rs 1450. So it is making all the right noises, right patterns on the charts. It should be to go long in it."
He further added, "You go long in IRB because it has been a consistent outperformer. All infrastructure stocks are choppy, they go up, they suddenly come down, they make these big ranges, narrow ranges, it’s not a clean chart but within that sort of disturbed chart IRB has a very clear uptrend. Its slowly and steadily reached Rs 200. IRB is likely to cross Rs 200. So yesterday we had a down day. This down day is a good opportunity to go long in the stock. In any case it’s not a short selling idea, you have to go long on dips."
"I could not understand what SJVN did yesterday, it went up to some large numbers then closed at the lows of the day and while there is a small gain between day before and yesterday it’s not worth looking at, it’s not a buying opportunity at all and there is nothing to sell here, so its best forgotten, that absurd move is ignored."