BSE, Zomato, Tanla: 1 in 10 Nifty500 stocks up over 3% today; how to trade?

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BSE, Zomato, Tanla: 1 in 10 Nifty500 stocks up over 3% today; how to trade? - Business Standard

Quick Summary:

Technical charts show that Tanla Platforms, Mazagon Dock have given a fresh breakout on the daily charts; these 2 stocks along with BSE, Zomato and GR Infra can potentially rally another 24 per cent.

The stock may face some resistance around Rs 2,530 and Rs 2,675 levels; break and sustained trade above the same can potentially trigger a rally towards record high for the stock at Rs 2,850 levels.

Interim hurdles for the stock can be expected at Rs 237 and Rs 240. The near-term bias for the stock is expected to remain positive as long as the stock holds above Rs 218; trade below which can see the stock re-test levels of Rs 208.