Sept 21, 2016
TATAMOTORS (Till Expiry)
TATAMOTORS out-performed the benchmark index Nifty 50 in current series. We also witnessed
good amount of long formation from the beginning of September series and these positions are
still intact. This counter has strong resistance near 595-605 levels and we have been witnessing
some profit booking from
599.50 levels. Thus, we expect this profit booking to continue and
fresh short formation in this stock which may lead to a correction towards
Booked profit @ 1076
Booked profit @ 252.50
Research Team Tel: 022 - 39357800
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