The daily candlestick chart of Ispat shows that it is in the short term downtrend.After a gradual decline from Rs.51.75 to Rs.26.60, there is a chance of higher bottomformation. For an anticipatory buy the downward risk is limited. High risk traderscan gradually buy around Rs.28-29 with a strict stop loss below Rs.26.80 inclose for a pullback to Rs.33 in the next 5-6 trading sessions which ifsustained Rs.35-37 in the short term.
* Avoid gap openings and trade in cash in small quantities.
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SRF Ltp : -107 tgt - 114 - 119
The daily candlestick chart of SRF shows that it is moving sideways for the pastfortnight. The oscillators have crossed the median line while the volumes are pickingup. One can gradually buy around Rs.104-105 with a strict stop loss belowRs.101 in close for a pullback to Rs.114-117 in the next 5-6 trading sessionswhich if sustained Rs.123-128 (stop loss at 99) in the next 2-3 weeks.
* Avoid gap openings and trade in cash in very small quantities
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