Today Market Indices , Sensex and Nifty ,slipped over 1% on December 19 ,marking their fourth consecutive session of decline , Market is down due to global market weakness weighed heavily on investor sentiment .this downturn followed the us federal reserve’s caution outlook on rate cuts
Tamilnadu Newsprint & Papers Ltd
establish by government of tamilnadu in 1979,Tamil nadu newsprint is in business of producing newsprint and writing paper. The stock has made an intraday high of Rs 216.59 and has gained over 5% over two days .as compare to .24 % fall in sensex ,intraday. Stock has given return of approx 25% rise over five days. The stock is currently trading above 9,21 and 50 EMA but below its longer term 200 EMA. As per analysis the stock can achieve a target of 235 and later to 255. Investor can buy Tamilnadu Newsprint (TNPL) in range of 214 – 215 and marked this stop loss at 175
SCRIP | TRIGGER PRICE | SL | TGT 1 | TGT2 | DURATION |
TNPL | 214-215 | 175 | 235 | 255 | 1-2 WEEK |
Rane Engine Valve Ltd
RANEENGINE, Rane Engine Valve Ltd manufactures and supplies valves and valve train component for various engine application in india . the company engaged in the manufacturing in marketing values of valves ,valves guides and valves tappets for ic engines and related auto component. The stock of rane engine valve ltd high today 451.45 and has gained over 2%.The stock is currently trading above 9,21 & 50 EMA .As per analysis the stock can achieve a target of 475 and later on 515.invest can buy Rane Engine Valve Ltd ( RANEENGINE) in range of 452-454 and marked this stop loss at 410
SCRIP | TRIGGER PRICE | SL | TGT 1 | TGT2 | DURATION |
RANEENGINE | 452-454 | 410 | 475 | 515 | 1-2 WEEK |