Tata Motors has strong support at Rs 980: Thukral

Tata Motors has strong support at Rs 980, says Hemant Thukral, Head, Derivatives Research, SBI Capital Securities.

Thukral told CNBC-TV18, "I think Tata Motors is tremendously under pressure, because even if you see the way the call writers have been accumulating on that stock, Rs 1050-1100 both these strike price have huge call writers. I think Tata Motors will struggle to cross Rs 1045-1050 on the upside, so Rs 980 remains a strong support for it.