Sell Tata Motors; buy Maruti, upbeat on M&M: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Tata Motors seems to have come to a point of strong resistance. It has been falling for seven to eight days. Yesterday was a good day but the decline is probably likely to continue. It is a short-term sell. Unlike Dish TV, I would not bet my house on it but it is a sell and you don’t know how low it can go. It is the weakest of Maruti Suzuki, Mahindra and Mahindra (M&M) and Tata Motors. It is reasonable enough to go short in it." "Maruti is an outperformer, you want to buy it on dips. I was upbeat on M&M and then the news on diesel was being discussed. Surprisingly M&M by afternoon bounced back. M&M’s long-term charts are quite conducive. I am not sure the reason behind it but I would be a buyer on M&M on every dip," he added. "Maruti remains the best opportunity. So, if we have to compare and say we want one auto stock out of this then Maruti is the best. However, because M&M has not been doing anything, it has been in a large trading range for years and months. Maybe they have something in the offing; maybe the market knows something that I don’t know. I would be very upbeat on M&M charts also."