EMAMI LTD. CURRENT TREND : BULLISH Time Horizon : 6 Months Buy : Anand Rathi

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SCRIP NAME : EMAMI LTD.                                            SECTOR  : FMCG                                                            Date :14^th May, 2012.

CURRENT TREND : BULLISH                 Time Horizon : 6 Months         Buy in the Range of  Rs.468-478              Stop loss Rs.434 (ON CLOSING BASIS )

TARGETS :       1st Target: Rs.554

2nd Target: Rs.580

SUPPORTING TECHNICAL COMMENTS

EMAMILTD - Rs. 475 , has been moving higher making higher lows on weekly basis and the stock looks very good to cross its all time high of Rs.545. The stock is trading above all major averages, with 20DMA Rs.456, 100DMA Rs.390 and 200DMA Rs.411. This FMCG stock is outperforming market with our other top picks like HINDUNILEVER, ITC and COLPAL .

Thanks & Regards

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