The veteran technical analysts are of the view that the investors should Buy Tata Motors Ltd. with a target price of Rs 320. Currently, the market price of Tata Motors Ltd. is Rs 305.75. Time period given by analyst is Intra Day when Tata Motors Ltd. price can reach the defined target. It is recommended to keep stoploss at Rs 298 Tata Motors Ltd.
The company was incorporated in 1945, is a large-cap company with a market cap of Rs 88280.69 crore operating in Auto sector. Trading in Nifty futures can be done by having the idea of the trend in the morning before the start of the market. The opening session of the nifty closely follows the SGX Nifty. The SGX Nifty is the nifty traded in the Singapore exchange. Thus if the SGX nifty in the morning session has seen a strict uptrend the same will be seen in Nifty and if a strong downtrend is seen in the SGX nifty the same will be observed in the Indian market also. In case there is no strong movement in any direction the trader should take the other factors in the account to decide the market trend on that particular day. Thus the market movement in the early morning session decides the initial opening of the Nifty in the Indian Market. The other factors besides the SGX nifty following are the Indian rupees and Dollar exchange rate and any news of political importance.
In case the trader is new to the market, they can take the help of any reputed advisory firms for the analysis of technical related to Nifty and SGX Nifty and provide adequate calls on the Nifty in the Indian Market. Money Classic Research is one such reputed advisory firm to provide support and help related to financial issues and investments. The advisory firms have expert technical analysts who on the basis of their detailed technical analysis provide accurate stock market tips. One can take their demo service and once satisfied with the service they can take the paid services.
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