Buy Tata Motors (DVR) , says Sudarshan Sukhani of technicaltrends.com.
Sukhani told CNBC-TV18, "The Tata Motors DVR is now half of Tata Motors ' equity and then it is in the F&O, its doing everything that Tata Motors itself is doing. Tata Motors surprisingly is in some kind of a turnaround phase now; it corrected, that correction held on and for the last three days it's doing all the right things for the bulls. So if at all we want to buy, it might be interesting to buy the DVRs rather than the original equity and in any case both of them are suggesting buying opportunities."
He further added, " GE Shipping is on a buy list, it's fallen from Rs 270 to Rs 196, it's deeply oversold on technical that doesn't mean much because stocks can remain deeply oversold and continue falling. Here for the last three days it has stopped falling that's the first sign that maybe it's going up. This is a falling knife trade but if we are right about it then we are buying almost at the lows and there is technical, there is previous support at the Rs 195-190 area. So there is some reason for the stock to stop falling and even attempt a rally."
Disclosure: I have no personal position in the above stocks.
