Larsen and Tubro is near an important gann level of 1008, Stock is supporting its trendline and will face resistance at the higher end.Positional traders should wait for close below 987 for target of 953 and 932.
Buy above 998 Tgt 1008,1021 and 1042 SL 995
Sell below 987 Tgt 983,972 and 964 SL 992
JSW steel is near an important Fibo Spiral number of 898, Unable to close above 898 stock is heading towards 843 in short term.
Buy above 889 Tgt 897,909 and 922 SL 884
Sell below 883 Tgt 874,860 and 850 SL 888
Buy above 364 Tgt 366.5,369 and 373 SL 361
Sell below 360 Tgt 357,354 and 351 SL 363
- 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.