Tech Mahindra
is trading very close to the all time high levels, it has been in a band for
the last five months and it has come out of that band very smartly with volumes
as well as price movement indicators. I believe anyone who is looking to
probably carry forward a trade to tomorrow could look at a target of Rs
1,980-1,985 keeping a stop loss slightly deeper at Rs 1,890.
Stimulus Measures
Stimulus Measures
Forecasts for a rebound in U.S. growth in the second
quarter and stimulus from central banks in Japan, Europe and China, along with
higher-than-estimated corporate earnings, helped send the value of global
shares to a record $64 trillion
last week.
About
three stocks rose for each that fell on the Asia-Pacific index today. The measure
traded at 142.26, which would be the highest close since Nov. 19. South Korea’s Kospi index gained 0.2
percent and Australia’s S&P/ASX 200 Index added 0.3 percent. Singapore’s
Straits Times Index gained 0.1 percent.
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provides Equity cash tips,
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0731-6615050.
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