According to IIFL, traders can buy Sterlite Industries October future above Rs 102.5 with a stoploss of Rs 100.5 for a target of Rs 106.5 in its October 16, 2012 research report.
"Sterlite on the daily chart has broken from symmetrical triangle and currently has been taking support above the falling trend line of triangle. The amplitude of triangle projects target of Rs111 with added strength from RSI index. The immediate hurdle for the stock is seen at Rs106.5 which turns out to be 200‐DMA and above that, there is smooth run up move which is expected. (Duration 7 days)," says IIFL research report. 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 on the attachment
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