TVS Motor - will it Zoom?

The Nifty created a new high as it surpassed the 5318 level. It has closed lower at 5300 levels... While the index inches up everyday, the AD line inches lower everyday!. Even today, the Advance to decline ratio was negative. Frequent Profit booking is the best strategy.

TVS Motors has been hovering below Rs 81 for almost three years now and it seems that a break and close above 83 should trigger new buying interest in the stock.



Keep a stoploss near to Rs 68 after break out and book profit near to 100-110 levels.

Many stocks discussed in ITG have given good moves today too... More stock will be analysed tomorrow!

Happy trading

CA Rajiv D Khatlawala
ValueTrade Academy
www.investogyan.com