Nifty is continuing its uptrend and any dip close to 5850 should be used as a buying opportunity and the target of 6150 is still.Volatility data shows some uptick in ahead of the FDI drama but the turnover data is still good and we could see good buying interest from institutional buyers.Among the stocks TATA motors and Gujarat fluoro are looking interesting and i am expecting a combined return of 18-20% from these two. 290 call of TATA motors is looking attractive at Rs. 4 and can double in the month of December and the cost is affordable. Gujarat fluoro is about give a break out from a descending triangle on the upside. Keeping a stop of 330 i am expecting the stock to touch 380-385 levels in the near term. Allahabad bank is another interesting stock which has some upside potential.I would be a buyer in this counter anywhere between 150-155 with a stop below 145 for a near term target of 175-180
