Jindal saw has given a good buy signal. CMP is around 245. Target expected is around 260 and then to 280.
All major stocks are in over bought territory and the candle stick pattern showing signs of weakness. The only relatively strong one is Reliance. Hence we could expect the distribution pattern to be formed which will invite retail investors to get trapped.
Our suggestion is to play intra day rather than holding any index stock for overnight positions.
The best intra day play is seen in the following stock for Monday
1. Short Aptech
2. Buy Mcdowell
3. Short Suntv
4.Short Ranbaxy
Hold our Financial technology stock. Try to buy CNX IT when it is near 2200.
Happy Trading
Samm Inc
Note: We undertake training on Technical analysis.
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