JSPL share value has been on a firm downtrend trading firmly in downtrending channel, formed a bullish engulfing pattern on Fridays session. Continuation of the rally will come if its able to close above 370.
Buy above 371 Tgt 374,378 and 382 Sl 369
Sell below 366 Tgt 362,360 and 355 SL 369
Maruti Suzuki stock has been in downtrend after it made the high of 1639, Auto sector has been reeling under dip in sales due to slowdown in economy. Maruti has bounced near its 200 DMA but unable to cross its medium term resistance line. Last friday close at its small term moving average of 1429.
Buy above 1440 Tgt 1456,1474 and 1492 Sl 1435
Sell below 1416 Tgt 1405,1395 and 1384 SL 1422
Tata Motors as discussed few days before till it does not closed above 314 stock will remain in trading range of 284-314. Stock has been respecting the range. Stock is at its downward trendline support breaking the same can go back to lower end of trading range of 284. Holding the same another attempt to higher end of trading range.till 314
Buy above 304.4 Tgt 307,311 and 314 Sl 303
Sell below 300 Tgt 296,293 and 290 SL 302
- All prices relate to the NSE Spot
- Calls are based on the previous trading day’s price activity.
- The call is valid for the next trading session only unless otherwise mentioned.
- Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
- Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.
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