BUY TATAMOTORS FUT 2 LOTS ABOVE 314 TARGET
320/335 SL 305
SELL TATAMOTORS FUT 2 LOTS BELOW 310 TARGET 302/289 SL 318
Today Tata motors -4.22 % its board will meet next week to consider a
proposal to raise funds through various means. The board meeting is scheduled
to be held on tuesday, may 18, 2021 to consider and approve the audited
financial results for the quarter and financial year ended march 31, 2021. Tata
motors did not give an indication on the quantum of the amount that the company
intends to raise.
On this weekend nifty closed at 14678 with the loss of nearly1% &
formed a dark cloud cover sort of candle pattern on weekly chart, which is a
bearish reversal candle by nature. Among stocks, asian paints, upl, itc, nestle
india, berger paints, colgate palmolive, l&t, icici prudential, marico,
power grid and mcdowell holdings witnessed bullish setup, while weakness was
seen in jindal steel & power, dlf, gail, container corporation, nalco,
piramal enterprises,indusind bank, exide industries, l&t
finance holdings, m&m, havells and mrf. Except capital goods and fmcg, all
other sectoral indices ended in the red, with metal, oil & gas, healthcare,
auto and realty indices falling 2%.among individual stocks, a volume spike of
more than 100% was seen in nalco, pi industries and pidilite industries.
Accourding us friday's low is expected to act as
a key level in the coming sessions, and if it holds the same, then there could
rally towards recent highs.
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