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Wednesday, July 6, 2011

TRADING RECOMMENDATIONS Havells India Ltd. CMP

Havells India Ltd. CMP—Rs 393.80

Technical Outlook & Trading Strategy:-

The share price of Havells India has registered a strong bounce back from its 200 Day moving average with an
increase in trading volumes .The momentum indicators remain in rising trajectory indicating strength in the up move.

We expect that the stock price to continue its move up and test the levels of Rs 405 / Rs 412 shortly.
We recommend a buy at current price with a stoploss placed below Rs 381.80 for the above mentioned targets.

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