Pradip Hotchandani of Prudent Broking Service says that in the near term Nifty can go up to 8,260-8,340 levels and traders can go long on the index with stop loss at 8,100. Most auto shares are near their long-term support levels and traders can look at buying Maruti Suzuki, TVS Motor Company, Bajaj Auto and Hero MotoCorp from this space, adds Mr Hotchandani.
