Grasim, after improving from a low of Rs.2501 to ahigh of Rs.3225 has reacted almost to the same level atRs.2491. At the current price of Rs.2560, it is tradingin 4E ZONE i.e. all the averages are in BEARPHASE and the current price is placed below all theaverages. High risk traders can buy in the range ofRs.2500-2550 with a stop loss below Rs.2450 in closefor a conservative upper target of Rs.2750 and anoptimistic upper target of Rs.2800. Holding periodcan be 8-10 days.
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Buy RNRL Ltp: - 98.65
RNRL, after improving from a low of Rs.78.80 toa high of Rs.169.40 has reacted moderately to alevel of Rs.96.95. At the current price of Rs.98.65,it is trading in 4E ZONE i.e. all the averages are inBEAR PHASE and the current price is placedbelow all the averages. High risk traders can buy inthe range of Rs.94-97 with a stop loss below Rs.91in close for a conservative upper target of Rs .112and an optimistic upper target of Rs .120. Holdingperiod can be 8-10 days..
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Buy Jet Airways Ltp : - 540
Jet Airways , after improving from a low of Rs.585.50to a high of Rs.836, has dropped rather sharply to arecent new low level of Rs.506.50 At the current priceof Rs.540 it is trading in 4E ZONE i.e. all theaverages are in BEAR PHASE and the current price isplaced below all the averages. High risk traders canbuy in the range of Rs.525-535 with a stop loss belowRs.515 in close for a conservative upper target ofRs.570 and an optimistic upper target of Rs 585.Holding period can be 8-10 days
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