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Last Updated : Mar 16, 2012 10:51 AM IST | Source: Moneycontrol.com

Buy Educomp, Coal India Mar fut; Sell Alok Ind: SMC Global

SMC Global has recommended to buy Educomp Solutions, Coal India and sell Alok Industries March future, in its March 16, 2012 report.

 
 
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SMC Global has recommended to buy Educomp Solutions, Coal India and sell Alok Industries March future, in its March 16, 2012 report.


Educomp Solutions: On daily chart the stock is sustaining above Rs 195 levels; it closed with a bullish candle and increase in volume. Momentum oscillators are neutral to positive. We recommend to buy March future above Rs 209 with stop loss Rs 207 for target of Rs 213.


Coal India: 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 March future above Rs 344 with a stop loss of Rs 341 for target of Rs 350.


Alok Industries: On daily chart the stock is showing weakness against the market. Momentum oscillators are neutral to negative. We recommend to sell March future below Rs 20, stop loss Rs 21, target Rs 18.


Institutional holding more than 40% in Indian cos


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To read the full report click on the attachment

First Published on Mar 16, 2012 10:37 am
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