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Friday, August 5, 2011

TRADING RECOMMENDATIONS Tata Global Beverages Ltd.

Tata Global Beverages Ltd. CMP— Rs 111.00
Technical Outlook & Trading Strategy:-

The share price of Tata Global Beverages has registered a breakout form its resistance level of Rs 109 with an increase in trading volumes. The overall technical set up remains positive. We believe that the share price could head towards the level of Rs 115 / Rs 118 in the near term.

We recommend buy at current level and again on pullback to the level of Rs 110 - Rs 109 with a stoploss placed below Rs 107 level.

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