Kiran Jadhav picks Tata Motors stock in Anil Singhvis show | Know why he dubbed it a buy
Kiran Jadhav highlights that Tata Motors is a very aggressive call with small risk and higher targets. This call will be valid for 6 trading days. The time target on this call is till 29th Jan 2021. Tata Motors stock is to be bought at the current market price of Rs 267 - Rs 268 with stop loss of Rs 262 and target of Rs 312. Derivatives data is extremely strong for Tata Motors and the price target should be achieved in 3 trading sessions.
Kiran Jadhav highlights that Tata Motors is a very aggressive call with small risk and higher targets. This call will be valid for 6 trading days. The time target on this call is till 29th Jan 2021. Tata Motors stock is to be bought at the current market price of Rs 267 – Rs 268 with stop loss of Rs 262 and target of Rs 312. Derivatives data is extremely strong for Tata Motors and the price target should be achieved in 3 trading sessions.
Open interest on Tata Motors is the highest today at 9%, while options data is also excellent. There are many short positions in Tata Motors; the target will be achieved before 29th Jan 2021. Also, Investors should buy a few shares of Tata Motors with strict stop loss in for targets of Rs 312. Kiran Jadhav says this buy call, is an initiation call on Tata Motors.
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Stock Markets Today
Religare Broking says the bulls were back in action as the markets gained nearly two percent and settled around the day’s high as well. After two days of slide, the benchmark opened higher, in response to an optimistic statement from US Secretary of Treasury, Janet Yellen, about a big fiscal push in the US. The momentum further gained strength as the session progressed, with healthy buying across sectors.
Consequently, the Nifty ended at 14,521 levels; up by 1.7%. The broader markets too posted decent gains in the range of 1.6-2.3%. Amongst the sectors, all the indices ended in positive with realty, metals and capital goods were the top gainers.
Going ahead, earnings and global cues would remain on the participants’ radar. Besides, we’re also seeing noticeable buzz across the sectors in run up to Budget. We feel it would be prudent for the markets to spend some time around the current levels. Meanwhile, there’ll be no shortage of trading and investment opportunities, thanks to prevailing earnings season and upcoming budget. Amid all, we suggest not to go overboard and stick to the quality names and accumulate them on dips.
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