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7/26/10

Derivative calls: Bharti Airtel, Tata Steel, Patni- 26.7.2010

BHARTIARTL View: Bullish C.M.P: Rs312.75
On daily chart the stock is trading above its 20-DMA. Momentum oscillators are neutral to positive.

We recommend to:
Buy Jul. Fut. above Rs314.00
Stop Loss: Rs311.00
Target: Rs320.00
Lot size: 1000

TATASTEEL View: Bullish C.M.P: Rs533.55
On daily chart the stock is trading above its 20-DMA. Momentum oscillators are neutral to positive.

We recommend to:
Buy Jul. Fut. above Rs535.00
Stop Loss: Rs530.00
Target: Rs545.00
Lot size: 500

PATNI View: Bearish C.M.P: Rs518.80
On daily chart the stock is showing weakness against the market. Momentum oscillators are neutral to negative.

We recommend to:
Sell Jul. Fut. below Rs518.00
Stop Loss: Rs523.00
Target: Rs508.00
Lot size: 500

source : http://www.valuenotes.com/SMC/smc_derivative_26Jul10.asp?ArtCd=153726&Cat=T&Id=

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