Technical outlook on Bata India, Havells, Sesa Goa: SMC

SMC Global has come out with its technical report on Bata India, Havells and Sesa Goa.
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Apr 04, 2012, 05.00 PM | Source: Moneycontrol.com

Technical outlook on Bata India, Havells, Sesa Goa: SMC

SMC Global has come out with its technical report on Bata India, Havells and Sesa Goa.

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Technical outlook on Bata India, Havells, Sesa Goa: SMC

SMC Global has come out with its technical report on Bata India, Havells and Sesa Goa.

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, SMC Global |

SMC Global has come out with its technical report on Bata India , Havells and Sesa Goa .

BATA INDIA: On daily chart the stock sustaining above its 20- DMA; it closed with a bullish candle and increase in volume. Momentum oscillators are neutral to positive.

We recommend to: Buy Apr. Fut. above Rs 810 with stop loss of Rs 800 and target Rs 830. Lot size: 500

HAVELLS: On daily chart the stock is sustaining above its 20- DMA; it closed with a bullish candle and increase in volume. Momentum oscillators are neutral to positive.

We recommend to: Buy Apr. Fut. above Rs 597 with stop loss of Rs 591 and target of Rs 609. Lot size: 1000

SESAGOA: On daily chart the stock is showing weakness against the market. Momentum oscillators are neutral to negative.

We recommend to: Sell Apr. Fut. below Rs 191 with a stop loss of Rs 193 and target of Rs 187. Lot size: 1000

FIIs holding more than 30% 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.

To read the full report click here

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