Anand Rathi Securities has suggested a buy call for Tata Motors with a medium term target of Rs 520. Investors can consider entering the stock at current levels with a stop loss of Rs 399.

Tata Motors looks good for medium term as the 14-day RSI shows signs of stock being oversold. Tata Motors recently announced its plans to foray in to Electric Car market.

Brokerage has also suggested a buy call for JP Associates. Investors can consider buying the stock at current price with a stop loss of Rs 168. The stock can go above Rs 230 levels in medium term. Above Rs 235, the stock may test Rs 255 as well.

As oil prices have been under pressure for the past one week, technical analysts expect a bounce in stock markets. NSE Nifty could witness an increase of 250 – 300 points if the US markets show positive signs. Short term outlook is positive.

Investors should be cautious and should consider positions in stocks with good track record only. Index stocks with decent growth in past quarters can offer good returns in medium to long term.