BUY TATAMOTORS ABOVE 218 TG 222,227 SL 212
Tatamotors gave a price-volume breakout above Rs 200 and thereafter it is successively keeping above this level since last few trading days. There is no major supply area of the stock below Rs 274. So, the current demand is likely to lift the stock smoothly to higher level.
Benchmark indices ended flat on Thursday as investors weighed in
on the first phase of 2019 Lok Sabha elections. Moreover, onset of March
quarter financial results and CPI inflation data, which is scheduled to be
released tomorrow, kept investors on tenterhooks.The S&P BSE Sensex gained
22 points to end at 38,607, with Bharti Airtel being the top gainer and Vedanta the looserOn
NSE, the 50-share index Nifty slipped below the crucial 11,600 level to end at
11,597, up over 12 points.
BUZZING STOCKSShares of Rail Vikas Nigam Limited (RVNL) made a tepid debut
by listing at Rs 19, at par against the issue price on the National Stock
Exchange (NSE). The stock, eventually, closed at Rs 19.05 apiece. SKF
India shares hit a new high of Rs 2,165, up 2 per cent, in intra-day trade,
before settling at Rs 2105 apiece on BSE, down nearly a per cent..Manappuram
Finance shares rose over 7 per cent in intra-day trade on the back of heavy
volumes in an otherwise subdued market. The stock closed nearly 6 per cent
higher at Rs 127 apiece on BSE.
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