Sell Tata Motors, L&T on every rally: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, “Larsen & Toubro and Tata Motors are in sustained downtrend. So, it is not surprising. Hero MototCorp is an exception. If the market remains stable and cheerful as it is now the stock should go up eventually with whatever little rally it does but that decline is not to be sold into. For Tata Motors and L&T every small rally is a selling opportunity.” 

“Subros has had a dream run from Rs 40 to almost Rs 115. It is also, not exactly but almost at 52-week highs and the correction in Subros has been very tepid. So, it has been outperforming the ancillary sector and also outperforming the Nifty. With all this background I think the stock is a buying opportunity. If you are looking for building a midcap portfolio it is a very good idea,” he said.  “You could buy State Bank of India. Please avoid IDBI Bank, there is nothing in it. It is on the verge of a significant breakdown. There was a rumour and that rumour is out with, all the gains of that rumour have been finished. If you look at the weekly chart it is on the verge of a significant breakdown, stay away from it.”"Nifty has also fallen. My call is that Reliance Industries is a must in every portfolio. I remember comparing it to Hindustan Unilever and HUL had the same story for 10 years and then it multiplied and became 5 times. You have to be patient. It is a large cap stock but it is not going to underperform the Nifty, it is going to outperform."Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.