Key Points
Tata Motors and Jamna Auto are top three trading ideas for the coming week from Kunal Shah, Senior Technical & Derivative analyst at LKP Securities..
Tata Motors has experienced a fresh breakout from a sideways consolidation pattern, marked by a sharp increase in volumes on both smaller and larger time frames, confirming its bullish undertone, he says.. The Tata Group stock ended Friday with a gain of about 5% on BSE...
Nifty saw some buying at lower levels during the week..
Notably, this buying surge came from Domestic Institutional Investors (DIIs), especially in the cash market, as Foreign Institutional Investors (FIIs) were net sellers..
RATIONALE: RITES has demonstrated a sharp reversal on the daily chart with a significant increase in volumes, indicating bullish activity at the support levels..
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