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

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

January 10, 2012 / 14:24 IST
     
     
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    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.

    To read the full report click on the attachment

    first published: Jan 10, 2012 02:19 pm

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