Will sell Tata Motors: Vinith Jain, Siddh Capital

Vinith Jain, Director, Siddh Capital, in a chat with ET Now talks about Tata Motors.

Tata Motors is 2% up. What would you do?

Tata Motors stock has rallied from the 670 levels up to 820 in the recent past. When I consider this rally against the previous fall, this looks to be a corrective move. Thus the top made around 820 in the last week seems to be a reversal pattern. So I will be seller here on the stock. The stock could retest the levels of 680 here and so with the stop loss of 830, it will be good short.