Jindal Steel & Power Limited:
As we can see increasing volumes with high magnitude, we can assume a good trend reversal in this case. Also the RSI is indicating the stock is highly oversold, so there will be some new buying activity starting now. So good opportunity as seen by me is to go long two lots of May future derivative of the stock at 300 and wait for the price 340. (i.e: 40x2(1000) = Rs. 80,000). [Sl: 280]
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