March 8, 2018

After showing signs of distribution, JBM Auto has started going down. Hence, it is suggested to sell JBM Auto. It was noted on Thursday, at 14:54 hrs, JBM Auto was quoting at Rs 406.10. On 18 September, the share of JBM Auto touched its 52-week high Rs 628.50 and 52-week low Rs 259.00.

You may sell REC with a stop loss of Rs 128 and do not forget to keep target of Rs 114. On the other side, Adani Enterprises is also a sell with a stop loss of Rs 164, target of Rs 152.

You are recommended to sell HDFC Bank. It has been supporting Bank Nifty for a while. It is also said that this bank has broken its crucial support on wednesday.

It seems that the HDFC Bank is weakest. Keep the stop loss at Rs 1,850 and target of Rs 1,760.

You must also sell Yes Bank. The stock in futures can be sold for a target of Rs 280 and have a stop loss of Rs 305 for this sell call.

You may also sell Axis Bank for target of Rs 496 with a stop loss of Rs 516.


Leave a Reply

Your email address will not be published. Required fields are marked *