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Buy Havells India; sell Bank of India March Fut: Systematix

Systematix Shares has recommended traders to buy Havells India and sell Bank of India March Future for the target price of Rs 869 and Rs 191 respectively in its research report dated March 13, 2014.

March 13, 2014 / 13:27 IST
     
     
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    Systematix Shares' research report

    Havells India

    "Havells is trading above a major upward trendline.It also closed above its previous swing high of 845. RSI is at 71 with appositive crossover indicating strong upward momentum.The stock is expected to continue to rise from current levels. Traders can Buy the stock at or above 850 with a stop loss of 839 for a target of 869."

    Bank of India (BOI)

    "Bank of India March future is trading below an important resistance of 205.It formed a bearish engulfing candlestick pattern at resistance level.Stochastic is about to exit overbought level. The stock future is expected decline from current levels. Traders can Sell Bank of India march Future at or below 200 with a Stop‐loss of 205 for a target of 191," says Systematix Shares research report.

    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.

    first published: Mar 13, 2014 01:27 pm

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