Tata Investment Corporation, Infosys and Nuvoco share: Buy, Sell or Hold—What should investors do?

Tata Investment Corporation share price, Infosys share price,  Nuvoco share price trading strategy: The Indian market declined by around half per cent after firm opening on Thursday. Benchmark Nifty 50 traded around 17,900, while the Sensex slipped over 350 points to trade above 59, 900 amid volatility in early trade on Thursday.  

In the broader market, Nifty Midcap traded flat and small cap declined by 0.15% as India VIX (Volatility exchange) went past 19 with over four per cent change.  

Sectorally, except Auto, which gained 0.80%, all indices slipped in the red.  

Tata Investment Corporation share price jumped over nine per cent to fresh 52-week high of Rs 2886.50 per share in BSE intraday trade on Thursday. Shares of Infosys and Nuvoco Vistas dropped by over two and three per cent to Rs 1435.70 per share and 402.25 a share in in BSE intraday trade.  

Here is what Santosh Meena, Head of Research, Swastika Investmart Ltd, recommends investors should do with these stocks  

TATAINVEST: Counter is in a classical bull run, in Wednesday's trading session has reached its all-time high at around Rs. 2621. On the weekly chart, the counter has witnessed a triangle breakout with a strong volume. Just avoid at Current level for taking a new position; wait for a correction at around Rs. 2200-2400 for the Target 3000+ for the long term.  

INFOSYS: The counter is in a downward trend and from the last few trading sessions, the counter is trying to form a base at around Rs. 1400 level. The overall structure is distorted as it trades below its all-important moving averages, however, it has a demand zone near 1350-1400. On the upside, 1560 is an immediate susceptible area; above this, we can expect a run-up towards 1700+ levels in the near term.  

NUVOCO: The counter is witnessing a smart bounce back with a rounding bottom formation and it managed to close above its 200-DMA. On the upside, Rs 460 is an immediate hurdle. Above this, we can expect a move towards Rs. 500+. On the downside, if it slips below the 390 level then 370 is the next support level. 

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