TATA CONSUMER VIEW FOR THE DAY

AFTER BUDET ANNOUNCEMENT WE HAVE SEEN BIG UP MOVE IN CONSUMPTION STOCKS, TATA CONSUMER ALSO GIVE GOOD RETURN TO TRADERS. FROM LAST 1 WEEK STOCK CORRECTED WELL FROM THE HIGH OF 1075 AND CURRENTLY TRADING AT 1032. STOCK CURRENTLY TRADING ABOVE 20,50 AND 100 DEMA AND MACD 12,26 GIVING BUYING SIGNAL ON IT. ITS MAJOR SUPPORT AT 1014, LOOKS GOOD FOR 1055-1070.