Aditya Agarwal of Way2Wealth told CNBC-TV18, "Tata Motors is one stock which is trading in a range but now we are seeing some positive movement in the stock. We are expecting that this stock may continue to trade with positive biasness and we can see another 10-15 points movement in it. So we are bullish on Tata Motors and Tata Motors (DVR) and we are expecting another 5-10 percent movement on higher side."
"Ranbaxy Laboratories has given a very good performance in last couple of days and on any decline we are seeing some long positions getting build up, we are not seeing any fresh short positions. So buying may continue in it and on higher side stock may test Rs 480," he said. "Bharat Heavy Electricals (BHEL) on technical side is giving a breakout from its inverse head and shoulder pattern and we are expecting that the stock may test Rs 132-135 on higher side. So all these three stocks are looking positive and we are expecting another 5-7 percent movement in all three counters."Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!