Short Maruti Suzuki: Sudarshan Sukhani

Short Maruti Suzuki, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Rural Electrification Corporation (REC) is one of those classic buy on dips example. It has corrected almost by 8-10% and it has come right to a strong support level. That support should hold given the conducive environment in which we are operating today. If that is so, we are buying it lower, we are buying a stock that is in an relentless uptrend and when it was at 20 points higher, I was saying please wait, waiting has given us rewards, we can buy it at a lower level now."
He further added, "All the calls we are doing are valid for the next two-three days. We are likely to see a lot of news flows anyway, the political environment, Europe, America. At this point only Hindustan Unilever and State Bank of India (SBI) are the two stocks I would say are good for the long-term investor. Maruti Suzuki is a short-term call. It corrected for the last three days, it is outperforming very well, among the auto stocks, among the larger blue-chip universe, it is a swing trade for the next three days on the long side."