Sell ICICI Bank, Hindalco; buy Tata Motors: CA Rudramurthy BV

CA Rudramurthy BV of Vachana Investments told CNBC-TV18, "I have a sell on ICICI Bank. This stock is continuous facing resistance at levels of Rs 262 in the futures and for the day, especially just for the expiry, I expect stock coming down and it can test levels closer to Rs 254 on futures. Having a stoploss of Rs 262, I will be a selling for the day."He further added, "Hindalco Industries for me is also a sell keeping in mind, Rs 157 as a stiff resistance. So, again just for expiry day, I will be selling Hindalco futures. Looking for a target of Rs 150 with a stoploss of Rs 157.""Just to hedge my two sell calls, I have a buy call in Tata Motors. This stock has a very strong resistance at Rs 565. Once it takes off, this resistance it can again head back to levels closer to Rs 600. So, I will be buying Tata Motors on every dip. Strong support emerges at levels closer to Rs 530-540 range. So, it is definitely a buy on every dips.""One can look at buying an October series Tata Motors futures. Look at target of Rs 565 initially and once Rs 565 is taken off, even Rs 600 can be on the cards. Keep a stoploss of Rs 538 and strictly trade long on Tata Motors," he added.