Trading Strategies: Tata Power, Alstom Projects
APOLLO TYRE View: Bullish
On daily chart the stock is sustaining above its 20-DMA, it closed with bullish candle and increase in volume. Momentum oscillators are neutral to positive.
We recommend to:
Buy Jan. Fut. Above: 70.00
Stop Loss: 68.00
Target: 74.00
Lot size: 4000
TATA POWER View: Bullish
On daily chart the stock is sustaining above its 20-DMA, it closed with bullish candle and increase in volume. Momentum oscillators are neutral to positive.
We recommend to:
Buy Jan. Fut. Above: 97.00
Stop Loss: 95.00
Target: 101.00
Lot size: 4000
ALSTOM PROJECTS View: Bearish
On daily chart the stock is showing weakness against the market. Momentum oscillators are neutral to negative.
We recommend to:
Sell Jan. Fut. Below: 350.00
Stop Loss: 354.00
Target: 342.00
Lot size: 500
Source: SMC Global
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Sensex
| Company | Price | Gain (%) |
|---|---|---|
| GAIL (India) | 336.30 | 3.37 |
| Tata Steel | 408.25 | 2.43 |
| DLF | 188.45 | 1.89 |
| St Bk of India | 2,005.00 | 1.74 |
| Larsen & Toubro | 1,186.40 | 1.54 |

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