Tata Motors Limited:
Again the same situation is ahead in case of Tata Motors as of Reliance Communications. There is a A-B-C correction wave yet to be produced in near future. Both MACD and RSI are indicating the weakness of the price. Better advise is to go short 2 lots of February 2013 future derivative of the stock at Rs. 316 and wait for squaring the positions at Rs. 285. (i.e: 31x2(1000)= Rs. 62,000) [Advised SL: 321]
