Tata Motors - Bright / Not Bright - Short term shortingTata Motors - the stock is treading lower with every passing week and will continue to do so until November of this year. What has to be seen is the price level.We are expecting around 280, however, the carnage could take it lower, depends on how hard the FII are involved in the selling. But we believe the low of Feb 2016 @ 266.00 should not be broken. Because if it does then the future of Tata Motors is bleak for coming 6-7 years. And in my personal opinion Tata Group is the best Indian company with least to no manipulation of its stock prices.
Indianstock
Gail Elliottwave: Waiting for 355 to build long positionStrategy: Buy the dip of 355
---------------------------------------
GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are calling consolidation from 374.90 price and expecting this consolidation will be zigzag correction and can extend to 355.