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Published on 12/02/2018 1:04:07 PM | Source: Religare Securities Ltd

Buy Tata Steel Ltd For Target Rs.20.00 - Religare Sec

Posted in Broking Firm Views - Short Term Report| #Metals Sector #Tata Steel Ltd #Trading Report #Religare Securities Ltd

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Tata Steel Limited

Though we have witnessed a bounce recently in TATASTEEL after re-testing its price support level, but its short-term trend is still weak. At present, it is hovering in a range near its resistance zone of moving averages and likely to witness further correction. We advise traders to initiate fresh short positions through put option as the given levels.

Recommendation

Buy 660 PE Tata Steel Ltd  @ 8-10  Stoploss 5 Target  20  CMP  11.30

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