Intra Day Trades:Voltas,BF Utility and Bata India

By | November 3, 2010

Voltas

Volatas products will be on demand during the Diwali Time and will be a sentiment booster for the Stock.Technically Stock is looking for a breakout on upside seeing the price volume action. Volatas is having a good support at 20 DMA@240 and resistance at recent swing high of Rs 253

Buy above 253 Tgt 254.7,259 and 267 SL 246

Bata India

Bata is forming an ascending triangle formation facing resistance above the upper trendline @345.Volumes are quiet good in the counter.

Buy above 345 tgt 351.8 and 358.7 SL 338

BF Utility

BF Utility was able to come out of its downward trending channel and gave a good upmove from lows of 890 to high of 980 with volumes.

Stock is now facing resistance on its 20 DMA@980 which co incidentally is yesterday’s High.

Longs are advised in the stock above 980as MACD and RSI are giving buy signal

Buy above 980 Tgt 998 and 1016 Sl 960

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