Ashok Leyland can go up to Rs 60-60.5: Anu Jain

Ashok Leyland can go up to Rs 60-60.5, says Anu Jain, Vice President - IIFL Private Wealth Management.

Jain told CNBC-TV18, "All of autos have done their first round and I think there is possibility of them doing more specially on a day like this when its expiry and the final short positions have to be cut. If you look at Ashok Leyland essentially it is around those Rs 58-59 levels, comes back to about Rs 57-56. It can go up to Rs 60-60.5; there is going to be strong resistance. On the other hand if it dips down to about Rs 53.5 there would be a lot of buying. So the zone that it has fallen down to right up to Rs 44-45 is definitely that kind of panic is out, so there would be fresh buying closer to that Rs 52-53 levels."

She further added, "If I have to look into a stock like TVS Motor. Also given a buy on it a couple of days back, it looks good but its definitely got resistance around Rs 63-64 levels. So has done its bit from that Rs 55 odd levels where it