Ltp :- 657.60
GT Offshore, after improving from a low of Rs. 557to a high of Rs.696, has reacted moderately to a levelat Rs.648. At the current price of Rs.657.60, it istrading in 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.648-656 with a stop loss below Rs.640 in close fora conservative upper target of Rs.720 and anoptimistic upper target of Rs.735. Holding periodcan be 6-7 days.
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J & K Bank (300) Buy
Ltp : - 662
J&K Bank, after improving from a low of Rs.580.15to a high of Rs.705 has reacted moderately to a levelof Rs.626. At the current price of Rs.662, it is tradingin 4F ZONE i.e. all the averages are in BEARPHASE and the current price is placed between shortterm and medium term averages.High risk traders can buy in the range of Rs.650-660with a stop loss below Rs.640 in close for aconservative upper target of Rs .720 and anoptimistic upper target of Rs.735. Holding periodcan be 6-7 days
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MTNL ( 1600 )
Buy Ltp :- 112.40
MTNL, after improving moderately from a low ofRs.92.50 to a high of Rs.116.60 has reacted to alevel of Rs.110.65. At the current price ofRs.112.40, it is trading in 5G ZONE i.e. short termaverage has moved above the medium term averagewhich in turn remains below the long term averageand the current price is placed between mediumterm and long term averages. High risk traders canbuy in the range of Rs.110-112 with a stop lossbelow Rs.108 in close for a conservative uppertarget of Rs.124 and an optimistic upper target ofRs128. Holding period can be 6-7 days.
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Patel Eng, ( 250 )
BuyLtp :- 576
Patel Engg, after improving moderately from alevel of Rs.540.05 to a high of Rs.644.90, hasreacted to a further lower level of Rs.525 At thecurrent price of Rs.576, it is trading in 4F ZONEi.e. all the averages are in BEAR PHASE and thecurrent price is placed between short term andmedium term averages. High risk traders can buyin the range of Rs.100-103 with a stop loss belowRs.97 in close for a conservative upper target ofRs.118 and an optimistic upper target of Rs.124.Holding period can be 7-8 days.
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