Holding period 2-5 days
GSPL ( CASH – Rs.63.15) : The stock has closed on a very strong note and the chart structure very clearly indicates that the stock is headed for higher levels. Buying is advised above Rs.63 for a target of Rs.67 and Rs.71. Higher target of Rs.74.50 is also possible. Once it breaks the level of Rs.75 with volumes it can reach a level of Rs.94. The level of Rs.94 will however take more than a month to reach. Stop Loss of Rs.57 is advised.
STOCKWATCH
Holding period 15-30 days
JSW STEEL ( CASH – Rs.620.60) : We have been bullish on this stock for quite a while . The stock will witness an explosive move once it crosses the level of Rs.635. Buying is advised above Rs.635 for a target of Rs.648 and Rs.657. The stock will witness profit booking around Rs.657 where one should book partial profits but once this level is taken it can easily move to a level of Rs.673-682.
