Top stock recos for today: Buy Tata Motors, Bharat Forge and Tata Elxsi

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher
 
NIFTY VIEW:
 
Indices are retracing from its overbought zone with RSI too showing signs of reversal. The support for the day is seen at 10,240 while resistance is seen at 10350. The significant moving average of 34WMA lies at 10,230 which should act as good support for Nifty else can drag down to 10,000-9,980 levels in the coming days.
 
BUY TATA MOTORS  
CMP: Rs 438.20    
TARGET: Rs 475   
STOP LOSS: Rs 420
 
The stock has made