Tuesday, January 12, 2016

Stocks to watch in Jan 2016

Date: 12-Jan-16
Tech Mahindra Option data seems to show signs of bouncing back from its current close of 507. It may touch 524-529 and then 534-539.  It may achieve these targets in Jan itself. Stock delivery position has also increased with 72% shares taken in delivery.
Best buy will be at 501. Keep stop loss at 500.

Tata motors option data also seem to show bullish stance...however the stock range seem to be from 330 to 400. It has closed at 360. Best buy will be when it retraces upto 345-350 keeping stop loss of 330 for a first target of 374-379 and second target of 394-399