Tata Motors and Mahindra & Mahindra look stronger: Rohit Shinde

In a chat with ET Now, Rohit Shinde, Independent Analyst, gave his views on auto pack. Excerpts:

What do you make of the auto pack, which are the stocks that you would place your bets on?

Yes in the auto packs I would go with Tata Motors and Mahindra & Mahindra. Maruti Suzuki as unfortunately after the results it crack down on the charts just 1200 also not holding but Tata Motors is showing some strength. Going ahead we can look at Tata Motors for the short term and now currently quoting at 850 levels now it is at a very critical resistance for this particular stock. Once it takes it out with good volumes then may be we can look at approximately 900 also. And the second stock is Mahindra & Mahindra in this particular pack. In M&M the structure and pattern is much stronger than Tata Motors going ahead we can get some good move fro M&M also and it can easily go around Rs25 to Rs30 for M&M.