Have stocks like Bajaj and Hero Honda: Deepak Mohoni, trendwatchindia.com

How do two wheeler and four wheeler stocks look on the charts?

The two wheelers and four wheelers are now completely separate from each other. The two wheelers are doing well, the four wheelers are dragging the reels a bit now. Whatever happens, I would not expect too much out of the four wheelers after the Budget or even before.

So the trend in the four wheelers has become much slower. In fact Maruti, which was the worst of the performers, has gone sideways looking a little better than Tata Motors or a Mahindra but Bajaj Auto and Hero Honda those are quite strong, those are good defensive stocks. Quite a few stocks in the market are in long term downtrends. So it is time to have a good section of defensive stocks under portfolio and these two stocks definitely fit the bill Bajaj and Hero Honda.