DERIVATIVE PICK 26 04 2011

• SINTEX ( CASH – Rs.176.65) : Buying is advised above Rs.180 for a target of Rs.184 and Rs.186. Higher target of Rs.190-192 is also possible. Stop Loss of Rs.174 should be kept. The time frame of the trade would be around 7-8 trading sessions.

• SESA GOA (CASH – Rs.323.75) : The stock has been moving up in a slow and steady manner. The 14 day RSI is consistently hovering above the crucial 60 level clearly indicating the strong bull grip in the counter. Buying is advised above Rs.325 for a target of Rs.329 and Rs.334. Higher target of Rs.340-342 is also possible. Stop Loss of Rs.316.95 should be kept. The time frame of the trade would be around.7-8 trading sessions.