TVS motors best in the auto pack: Sandeep Wagle, APTART Technical Advisory Services

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, in a chat with ET Now talks about Maruti Suzuki, Hero Honda, TVS Motors and Andhra Bank.

What are your views on Maruti Suzuki, Hero Honda, TVS Motors and Andhra Bank?

Andhra Bank is not positive. It means that I am not expecting a big fall downside, but the run has possibly been halted. I would definitely not recommend buying at these levels. Maybe at lower levels - around 115 to 120 - one can look at it, but the upside, for the time being, looks capped at around 135-140.

I am not a big fan of autos at this point of time. They are moving with the market. I will not say specifically that they are very weak and one can go short at these levels. I do not have that view as well. But TVS Motors is the best of the lot. Some more upside is likely, but it can be bought at a 4-5% correction.

Talking about Tata Motors, Mahindra & Mahindra, Maruti and TVS Motors, obviously I see - pattern wise - TVS Motors as the best of this pack. I will not touch the auto space with the short term in mind. Long term you may get it at lower levels.