Short Tata Motors at around 1350-1355: Ashwani Gujral, Market Strategist

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about auto stocks and Tata Motors.

What is your take on auto majors?

Best seem to be priced into auto stocks and in terms of sales numbers, they will have great difficulty in beating those numbers. Also, input prices and fuel prices and the headwinds are just battling to develop. So even if they come up with excellent results, you may not see very enthusiastic buying because looking forward, there could be a problem.

So on rallies, I would be trying to get out of auto stocks and for traders, there would be good opportunities to sell short auto stocks on rallies. Shorting on Tata Motors at around 1350-1355, Bajaj Auto on any rallies towards 1500 - they are good plays on the short side.