Do not see upside in Tata Motors beyond Rs 310: Trivedi

Amit Trivedi, Director of Fin Stream Financial Advisors does not see much upside in Tata Motors beyond Rs 310.
 
Trivedi told CNBC-TV18, “Since the management discussion or coming out with their forecast, Tata Motors has reacted on the lower side. So, we think the stock should be more volatile and remain at current levels of around Rs 280-300-310 and there is not much upside beyond that.”
 
“Because of the results that are expected in the February month, option implied volatility are slightly on the higher side at around 45 percent. So we think investors can go and sell 360 strike Call Options at around Rs 0.75. So you make around Rs 750 if Tata Motors remains below Rs 360 levels and you make around 2 percent on the margin deployed of around Rs 40,000 in this particular trade,” Trivedi added.