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Mar 30, 2012, 02.40 PM IST
According to IIFL, traders can short Bank of Baroda (BOB) April futures below Rs 766 with stop loss of Rs 779 for target of Rs 740, in its March 30, 2012 research report.
According to IIFL, traders can short Bank of Baroda (BOB) April futures below Rs 766 with stop loss of Rs 779 for target of Rs 740, in its March 30, 2012 research report.
“Bank of Baroda (BOB) has signaled trend reversal from medium term uptrend after prices closed below the 200 DMA in yesterdays trading session. This was also followed with breakdown from descending triangle pattern and RSI moving below the support zone of 50 DMA. The amplitude of breakdown of triangle projects downside potential in the counter to Rs 720 which turns out to be strong support zone. We recommend going short on Bank of Baroda April futures below Rs 766 with stop loss of Rs 779 for target of Rs 740. (Duration7 days),” says IIFL research report. Public holding more than 90% in Indian cos Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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