Sell Apollo Tyres, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Apollo Tyres has a horrible chart. First it fell then it went into a small relief rally that fizzled out. It is falling again. The stock is again not able to participate in the rallies that the Nifty is showing us. Tyre companies generally have a poor chart but Apollo has the worst of them all. It is a short sell.""Tata Motors is an easy short sell. I wouldn’t sell Maruti Suzuki, it is an avoid may be. Mahindra & Mahindra (M&M) is a short sell once it breaks the Rs 1,200 which it seems to be doing or it could do today. So, in Tata Motors and M&M, I would tend to say yes, Tata Motors has been a selling idea and M&M would join that list," he said.At 09:49 hrs Apollo Tyres was quoting at Rs 150.80, up Rs 0.55, or 0.37 percent. It has touched an intraday high of Rs 151.50 and an intraday low of Rs 150.15.