Dec 14, 2012, 04.11 PM IST | Source: CNBC-TV18

Buy Tata Motors for short term, says Mohindar

One can buy Tata Motors with a short term perspective, as the stock is looking good with good volume, says Rahul Mohindar of Viratechindia.com.

One can buy Tata Motors with a short term perspective, as the stock is looking good with good volume, says Rahul Mohindar of Viratechindia.com.

Mohindar told CNBC-TV18, "Short-term trading if we are looking at particularly December we probably might move to Rs 305 in Tata Motors. But the stock certainly looks good, there is good volume on it, we have broken out a very important level past Rs 285-290 that’s definitely a good range. So it warrants a buy even as a short-term trade, I am very comfortable."

Commenting on banking space he further added, "I would recommend positions in banking space. One of course is Vijaya Bank . Even something like IDBI Bank , a little higher up on the ladder would be Kotak Mahindra Bank . These are stocks which I definitely want to go for. So within midcap I would singlehandedly look at banking."

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