Wednesday, 9 May 2018

STOCK FUTURE TIPS FOR THURSDAY


BUY HAVELLS ABOVE 558 TGT 566/575 SL 548
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Market summary 10 MAY 2018:  Tata Motors Ltd said that Jaguar Land Rover’s total retail sales of rose 11.9% year-on-year to 45,180 vehicles in April. Land Rover retailed 31,891 vehicles in April, up 13.6% from last year. Jaguar’s retail sales stood at 13,289 vehicles in April, up 8%. Tata Motors shares gained 3.16% to Rs342.60. Among the sectoral indices , IT gained most at 0.74%, teck 0.56%, consumer durables 0.46% and capital goods 0.40%. Power fell 0.57%, utilities 0.49%, healthcare 0.47% and basic materials 0.31%. MidCap and SmallCap declined 0.63% and 0.10%, respectively. The oil marketing companies were under pressure today following Donald Trump's sanctions on Iran and its likely impact on global crude oil prices. HPCL and BPCL lost 0.6 per cent and 1.7 per cent, respectively. IOC, however, ended the day flat.Tata Motors, Asian Paints, TCS and Axis Bank were top gainers, whereas Sun Pharma, ICICI Bank, Maruti and Wipro were among the major losers.
                              Havells India Limited is engaged in manufacturing Switchgears, Cable, Lighting and Fixtures, and Electric Consumer Durables. Primary trend of the stock is bullish and is consolidating at the 540- 550 level after showing correction from 590. It is expected to continue the bull run with the crossing of the resistance level of 563, as the stock is
sustaining above its 200 and 50&22 days moving averages. One may initiate the long position above the mentioned level for the targets of 566-575 and with the strict stop loss of 548.
DAILY CHART FOR HAVELLS:


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