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Buy Jindal Steel, Bajaj Auto and Kotak Bank, says Prabhudas Liladher

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher

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Vaishali Parekh Mumbai
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

BUY  JINDAL STEEL
   
CMP: Rs 118.50    
TARGET: Rs 135    
STOP LOSS: Rs 110

The stock has been consolidating around the range of Rs 108 to Rs 116 for quite some time and now it has given a breakout with decent volume. The RSI indicator also has signaled a Buy by reversing its trend in the positive direction. We recommend a positional buy in this stock keeping a stop loss of Rs 110 for an upside target of Rs 135. 
  
BUY  KOTAK BANK  

CMP: Rs 956.50    
TARGET: