Exit ICICI Bank, Tata Motors: Kulkarni

Shardul Kulkarni of Angel Broking is of the view that long term investors should exit ICICI Bank and Tata Motors.

Kulkarni told CNBC-TV18, “In case of ICICI Bank it is best to exit from long positions. The second stock wherein one should be moving out of long positions is Tata Motors because chart structure is quite bearish and it is indicating that Rs 300 was the support level. That is not holding on and the stock is headed lower. So, for those who want to be aggressive, one can go short in case of Tata Motors with yesterday’s higher stop loss around Rs 303 and look out for Rs 285 to Rs 280 as a target price.” Disclosure: It is possible that we have positions in the stocks discussed and we have recommended them to our clients.