Buy, Sell or Hold: What should investors do with Tanla Platforms, Home First & Tata Tele?

Indian market closed with gains of over 1.5 per cent on Tuesday supported by strong global cues. The S&P BSE Sensex rallied by nearly 900 points while the Nifty50 closed below 17200 levels.

See Zee Business Live TV Streaming Below:

Sectorally, buying was seen in metals, realty, banks, finance, and public sector. On the broader markets front – the S&P BSE Mid-cap index rose 1.2 per cent, and the S&P BSE Small-cap index rose 1.1 per cent.

Stocks that were in focus include Tanla Platforms that closed with gains of about 5 per cent, Home First Finance Company closed with gains of nearly 6 per cent and Tata Tele rose nearly 5 per cent.

Here's what Vijay Dhanotiya, Lead of Technical Research at CapitalVia Global Research Limited, recommends investors should do with these stocks when the market resumes trading today:

Tanla Platform: Buy

Tanla has given a breakout of a Flag formation. The stock has been trading in momentum since then.

We have observed indicators like EMA and MACD indicating positive momentum in the stock which is likely to continue. We recommend a buy in Tanla above 1680 with a target of 1980, and a stop loss can be placed below 1375.

Home First Finance: Buy

Home First Finance has been trading in an ascending channel. We have observed momentum indicators like EMA and RSI, indicating that the stock will gain momentum from these levels.

We recommend a buy in Home First above 885 with a target of 970, and stop-loss can be placed below Rs 808.

Tata Tele: Buy

The stock is in a bullish trend and has given a breakout of an Ascending Channel. We have observed indicators like RSI and MACD indicating the momentum in the stock is likely to continue in the long run.

We recommend a buy in Tata Tele near the levels of 145 with a target of 185, and a stop loss can be placed below Rs 128.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)