SMC Global`s view on Renuka Sugars, HCC, Sintex Industries

Published on Tue, Jan 10, 2012 at 14:19 |  Source : Moneycontrol.com

Updated at Tue, Jan 10, 2012 at 14:24  

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SMC Global`s view on Renuka Sugars, HCC, Sintex Industries

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Hindustan Construction Company | Sintex Industries |

SMC Global has come out with its report on Shree Renuka Sugars , Hindustan Construction Company (HCC) and Sintex Industries

Shree Renuka Sugars
View: Bullish
Lot size: 4000

On daily chart the stock closed above its 20-DMA, it closed with bullish candle and increase in volume. Momentum oscillators are neutral to positive.
We recommend to buy January future above Rs 29 with stoploss Rs 27.50, Target: 32

Hindustan Construction Company (HCC)
View: Bullish
Lot size: 8000

On daily chart the stock closed above its 20-DMA, it closed with bullish candle and increase in volume. Momentum oscillators are neutral to positive. We recommend to buy Jan. future above Rs 18.50, stop loss Rs 17, Target Rs 21.50

Sintex Industries
View: Bearish
Lot size: 2000

On daily chart the stock is showing weakness against the market. Momentum oscillators are neutral to negative. We recommend to sell January future below Rs 62, Stop Loss: Rs 63.50, Target Rs 59.00

Bodies Corporate holding more than 50% 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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