Stock Strategy: Tata Motors
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The counter is being hammered badly at the bourses today, after the company reported a dip in its Ebdita margin for Q4FY12. Should you still stay invested?
Smartinvestor : The markets have started the day on a weak note ahead of the F&O expiry tomorrow. What trends for the Nifty are you picking up at this stage?
Shshank Mehta : We acknowledge the weakness that is building-up in the markets, a close be 4920 will confirm the succeeding sell-off. We observe short positions building up in Open Interest of Nifty. Also, the concentration in Nifty Options for the next Series is seen forming a range of 4500-5000.
Smartinvestor : Tata Motors has been hammered badly after it announced its results. What do the days ahead have in store for this counter?
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