Tata Global Beverages Ltd has benefited from lower commodity prices, boosting margins even as the company cut prices to pass on benefits to consumers. In volume terms, the company’s sales rose, but in value terms, its consolidated sales declined by 2.2% over a year ago to Rs 1,604 crore. Yesterday its prices closes negative at 145.10 (-0.1). It bounces from the trend line resistance, in coming days if it break this resistance level of 146.25 it can touch the next resistance level of 153- 157 and it can also break the 52 week high. There is major support at level 136. Investors can take buy position when the breakout of resistance level 146.25 will do. And put the profit part when prices would comes at level of 153 with risk part of 136.
State Bank of India (SBI) recently announced one-time settlement for tractor loans with an aim to cut short its defaulters list. The lender is willing to take a haircut of 40 percent on outstanding tractor loans as of September 30, 2016. Another lender Mahindra & Mahindra Financial (M&M Financial) that provides loan for vehicle purchase is not considering such an option to settle loans. Yesterday it gives heavy moment of 5.8% and prices closes at 312.25. In daily charts it breaks the major consolidation level 309.20. There is major support of 275. Immediate resistance levels are 330 and 360. Investors can take long position when the prices comes in between 305-314 and book profit when it comes the 329 and 355 with risk part of below 275.
3.Vadilal Industries Limited
We recommended the stock of Vadilalind, which jumped almost 10 per cent accompanied by above-average volume in last week. The stock taking support at the key base level of 660 in February, the stock has been on a medium-term uptrend. While trending up, the stock decisively breached its 200- and 50-DMAs and hovers well above them. The stock appears to have resumed its medium-term uptrend. There has been an increase in trading volume over the past three weeks. The daily relative strength index has entered the bullish zone from the neutral region and the weekly RSI has also entered this zone from the neutral region. The short-term outlook is bullish. The stock can extend its uptrend and reach the price targets of 880 and 900 in the upcoming trading sessions. Investors with a short-term perspective can buy the stock with a stop-loss at 810.
4.LIC Housing Finance Limited
Investors with a short-term perspective can buy the stock of LIC Housing Finance at current levels. Following a sharp fall in November 2016, the stock found support in the range 470-475 and started to trend upwards. A long-term uptrend-line support around this region also cushioned the stock. Since then, the stock has been on a medium-term uptrend. However, the key resistance at 570 was limiting the stock until it breached this resistance by gaining 5 per cent in last week. The stock trades well above its 50- and 200-DMAs. The daily relative strength index has entered the bullish zone from the neutral region and the weekly RSI is on the brink of entering this zone. The stock appears to have resumed its long-term uptrend. It can extend its current rally and reach the price target of 608 and 620 in the coming trading sessions.