LTIMindtree shares up 1.2% as Nifty gains

Shares of LTIMindtree Ltd. gained 1.2 per cent to Rs 5938.25 in Friday’s trade. It hit a high of Rs 6010.0 and low of Rs 5901.45 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 5132.53, while the 50-DMA was at Rs 5634.23. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.