Sukhani told CNBC-TV18, "Tata Motors is the only where buying opportunity will arise. Today’s dip is not exactly a correction, it’s a one day down move, so the stock that qualifies for buying is probably Tata Motors even on a one day down move. For M&M you have to wait for a deeper correction but perhaps tomorrow if Tata Motors remains stable it becomes an opportunity to go long."
He further added, " Bajaj Auto and Ashok Leyland are shorting opportunities. I always have to make this explanation that short selling is not an easy task to do. Anyone listening should not simply go and blindly sell it but there is more downside in both stocks. You short sell, you keep a stop loss and in the unlikely event that the stock bounces back, you be disciplined enough to take that small loss and get out."
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