Stock of the day : Buy Tata Steel Ltd For Target Rs.142 - Religare Broking
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Tata Steel Ltd
* Metal index trading strong near the record highs and TATASTEEL is trading in sync.
* It rebounded higher strongly finding support at its long term moving average i.e. 200 DEMA.
* Price action coupled with uptick in volumes and buoyancy in metal sector indicates bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned zone.
Buy Tata Steel Ltd CMP 131.40; Range 130-132; SL 127; Target 142
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