Prefer Bajaj Auto over Tata Motors: Jai Bala

Jai Bala of 1857 Advisors told CNBC-TV18, "The auto sector is very crucial for the overall health of the market, my understanding from the chats is that there is still one more leg up for the sector. Bajaj Auto is set to take out the all-time high at Rs 2,700 plus. So, I would prefer a Bajaj Auto to Tata Motors."

"This week DLF hit a low of Rs 103. It could still have much more downside to come through. But, from a trading perspective, a risk reward potential is quite low, so you would rather wait for a pull back closer to something like Rs 120-125 to come through and then try to act on it. But, we are negative on the highly leveraged space like infra stocks and real estate stocks. So, we are positive on auto," he said.