I think fresh short positions in Tata Motors can be initiated. I have a sense that the Nifty is likely to inch up to 4,950-5,000. In an uptrend market selling a blue chip like Tata Motors may not be the best idea. It’s probably better to wait patiently for the markets to stall and then sell it."
He further added, "PTC India is a good chart. It’s gone through some kind of bear market for itself. It’s a low beta stock, low volatility stock but whatever it is it went through a decline and that decline seems to be over. It’s done a v-shape reversal. An immediate target for the stock could be Rs 57 but I suspect it will eventually reach Rs 66 from where it began its decline and that means one can buy PTC and get much more than the bank’s interest rate and for a low risk stock it’s a good idea
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