Mumbai: IIFL Securities in its Market Mantra report recommended four stocks to appreciate. The brokerage said Zee Entertainment Enterprises Limited (ZEEL), Tata Communications Ltd, Canara Bank and Titan. For the convenience of the investors, the brokerage shared support price, Resistance levels, 50-Day Moving Average and 200-Day Moving Average.
Meanwhile, the BSE Sensex and NSE Nifty opened on lower note on November 13, 2024. The 30-share barometer index dropped 239.69 points to 78,435.49 in early trade while NSE Nifty declined 103.15 points to 23,780.30.
ZEEL share price target
Support: 120
Resistance: 122
50-Day DMA: 132
200-Day DMA: 154
IIFL Securities suggested buying ZEEL stock at current price with a 50-Day Moving Average of Rs 132 and 200 Day Moving Average price of Rs 154. The counter is expected to receive support at Rs 120 per equity share and Resistance at Rs 122 level.
Titan share price
Support: 3167
Resistance: 3238
50-Day DMA: 3579
200-Day DMA: 3529
The brokerage gave a Buy call on Titan. It said the Tata Group stock’s 50-Day Moving Average was pegged at Rs 3579 while 200-Day Moving Average was estimated at Rs 3529. IIFL Securities forecast the Support price for the counter at Rs 3167 and Resistance at Rs 3238.
TATACOMM share price
Support: 1748
Resistance: 1792
50-Day DMA: 1955
200-Day DMA: 1860
IIFL Securities initiated a Buy rating on Tata Communications shares. The brokerage said the stock is expected to move with a 50-Day moving Average of Rs 1955 and 200-Day Moving Average of Rs 1860. The stock is expected to find Support level at Rs 1748 and Resistance at Rs 1792.
Canara Bank share price
Support: 102
Resistance: 105
50-Day DMA: 106
200-Day DMA: 295
The brokerage projected the Canara Bank share price to move ahead with a 200-Day Moving Average price of Rs 295 and a 50-Day Moving Day Average price of Rs 106. The banking stock could found Support at Rs 102 and Resistance at 105.
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Stocks to Buy: IIFL Securities projected share price of Canara Bank, Tata Communications Ltd, Titan and Zee Entertainment Enterprises Limited (ZEEL) to rise. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
