NIFTY VIEW
Nifty as of now took support at around 10,550 levels and recovered to move past 10,700 levels but still the conviction has not been maintained for further upward movement until it moves past 10,750-10,770 levels decisively.
BUY LARSEN & TOUBRO
CMP: Rs 1,275.10
TARGET: Rs 1,360
STOP LOSS: Rs 1,225
The stock has witnessed a decent correction from the peak of 1,424 to bottom out at around 1210 levels and has produced a positive bullish candle pattern in the daily chart to signify strength and potential to rise further in the coming days.
BUY JET AIRWAYS
CMP: Rs 346.90
TARGET: Rs 420
STOP LOSS: Rs 320
The stock has witnessed a great erosion from the levels of 650 to shown signs of bottoming out at around 330 levels and we anticipate a bounce back from here on to scale till 420-440 levels. The RSI has shown a steep rise from the highly oversold zone and has indicated a trend reversal to signify strength and potential to rise further in the coming days.
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