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Trading Strategies: Tata Power, Alstom Projects

SI Reporter/Mumbai 13 Jan 12 | 09:51 AM

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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