Bajaj Auto will outperform the market: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, aptartindia.com in an interview with ET Now talks about auto stocks.

Any of the auto stocks that can go up higher from these levels in the next 2 or 3 sessions?

Hero Honda and Bajaj Auto is what we are talking of as good stocks which have very positive pattern. So in a market which will be up they will outperform. Tata Motors is moving up with the market, I am not that bullish in the long term in Tata Motors.

At higher levels, it will witness some selling or profit booking. I will take a stock specific view in the auto space and Hero Honda and Bajaj Auto, between the 2, I would zero in on Bajaj Auto. That is a bigger move in the offing and that will outperform the markets.