05 July 2009
JINDAL STEEL & POWER - BUY AROUND 2,600
This stock has been showing good momentum and is hinging around 52 week high of 2615 with a weak breakout just before the budget. The stock is now headed for first target around 3000 in near term. It has potential to move to 3450 in medium term. The stop loss level is just below 2450.
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