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Buy Bajaj Auto, Wipro, Mundra Port Sept Future: SMC Global

According to SMC Global, traders can buy Bajaj Auto, Wipro and Mundra Port Sept Futures for target of Rs 1615, Rs 353 and Rs 143 respectively.

September 19, 2011 / 15:47 IST
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According to SMC Global, traders can buy Bajaj Auto, Wipro and Mundra Port Sept Futures for target of Rs 1615, Rs 353 and Rs 143 respectively.

BAJAJ-AUTO View: Bullish C.M.P: 1632.25
On daily chart after taking the support around of 20-days moving average stock bounce back.
Momentum oscillators are neutral to positive.
We recommend to:
Buy Sep. Fut. Around: 1630.00
Stop Loss: 1615.00
Target: 1660.00
Lot size: 250

WIPRO View: Bullish C.M.P: 343.30
On daily chart the stock made a bull candle with rise in volume and close to its range resistance.
We recommend to:
Buy Sep. Fut. Above: 345.00
Stop Loss: 342.00
Target: 353.00
Lot size: 500

MUNDRAPORT View: Bearish C.M.P: 149.80
On daily chart the stock is showing weakness against the market. Momentum oscillators are neutral to negative.
We recommend to:
Sell Sep. Fut. Below: 148.00
Stop Loss: 150.00
Target: 143.00
Lot size: 2000

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first published: Sep 19, 2011 03:41 pm

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