ETMarkets Smart Talk: How to trade Zomato shares on Monday after Q4 results

May 21, 2023

Zomato’s shares will be watched closely as the foodtech company’s losses narrowed in Q4 to Rs 188 crore. The stock’s support levels are around Rs 58-55, while resistance lies at Rs 75-80, according to Sumeet Bagadia, executive director of Choice Broking. He adds that short-term prospects of the stock may appeal to risk-taking investors. Meanwhile, M&M could move towards Rs 1,325 if it surpasses its resistance at Rs 1,285.

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