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.

TRADING RECOMMENDATIONS Pantaloon Retail Ltd

Pantaloon Retail Ltd. CMP - Rs 315.85

Technical Outlook & Trading Strategy:-

The stock price of Pantaloon Retail has seen a sharp rise from the level of Rs 239 as on 18th May 2011 to a high of`331.60 on 4th July 2011. On the Daily chart the stock has formed an Evening Star Candlestick pattern. The Evening Star candlestick pattern is a significant Top reversal pattern consisting of three candlesticks. We believe that the share price could decline to the levels of Rs 302 / Rs 295 in near future.

We recommend traders to sell 50% now and again in the range of Rs 319 - Rs 321 levels with a stop loss placed above Rs 326.60 levels.