Flash News Investment - - TECHNICALS -

We had rec­om­mended to our read­ers buy­ing the stock of Vedanta Ltd at Rs 240.40 in is­sue no. 50 (dated Oc­to­ber 01, 2018). Post our rec­om­men­da­tion, due to the sell­ing pres­sure in the mar­kets, the stock slipped lower and marked a low of around Rs 226, which was near to our stop loss level. How­ever, the stock man­aged to hold this level on a clos­ing ba­sis and bounced back to hit the level of Rs 246.90.

We would ad­vise our read­ers to hold this stock as it is show­ing good strength in an oth­er­wise highly volatile mar­kets.

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