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]
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