CA Rudramurthy BV at Vachana Investments told CNBC-TV18, "When it comes to stock specific calls even though we have results of Tata Motors today, lot of open interest addition is seen, over 7 percent open interest addition is seen and in last two-three days there has been lot of delivery based buying with prices moving on the upside."
"Look at going long on Tata Motors. Strong support is seen at levels of Rs 430. Any dips to these levels will be a great buying opportunity, have a tight stop loss at Rs 428 just below the support and look at target of Rs 485."
"I have the next buy call on Tata Global Beverage, the stock has given a clear breakout above levels of Rs 220. The stock is consolidating and it can move higher. Look at target of Rs 260 on Tata Global Beverage with a stop loss of Rs 220," he added.
"Last buy call is on Bank of India, the stock has given clearly breakout above levels of Rs 190. Now it is consolidating and every dip closer to Rs 190 can be bought. Have a stop loss of Rs 188 with a target of Rs 215," he said.
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