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TATA Is Doing Nada

 The popular Indian automaker Tata Motors Ltd.(NYSE:TTM) is one of the few stocks that are failing to participate in today's rally. This stock is declining today on very sharp volume. The daily chart 50 moving average is around the $28.00 area and this would be the next major support area for the stock. Intra-day the stock will have support around the $30.00 area and this could be a level for a small bounce.