Technical calls for today's trade: Buy, JSPL, IOC and Kansai Nerolac

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

BUY JINDAL STEEL 

CMP: Rs 114

Stop loss: 108

Target: Rs 125

JSPL is correcting from Rs 135 and has retraced to a low of Rs 105. The long term trend continues to be positive. RSI on daily chart shows signs of reversal, we recommend a BUY for a target of Rs 125.

BUY INDIAN OIL CORPORATION 

CMP: Rs 441.65

Stop loss: Rs 435

Target: Rs 460

IOC, already under a strong uptrend, has got in new round of momentum. RSI on daily chart, currently at Rs 60 after retracing