JINDALSTEL

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]

JINDALSTEL

Jindal Steel & Power Limited:
In the Point and figure chart, the price breached the support and all the momentum indicators have turned bearish, so is surely expected up to 318 in near future. Good choice is to go short two lots of March future derivative of the stock at 360 and wait for 320. (i.e: 40x2(1000)= Rs. 80,000). [Sl: 380]