Stock of the day : Tata Steel Ltd For Target Rs.161- Religare Broking
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Tata Steel Ltd
* Metal stocks have regained their upward momentum and TATASTEEL is offering a fresh buying opportunity.
* The stock has rebounded higher finding support around its short term moving average (50 DEMA) which has acted as key support in the past.
* It has formed a fresh buying pivot above the 20 DEMA, highlights bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned range.
Buy Indus Towers Ltd CMP 151.80 Range 150-152 SL 146; Target 161
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