Chennai Petro

Hi Friends,

I have been waiting for some action to happen in the overall market before the earning season starts. We are doing good as of now. 4600 is now immediate support. We completely lack momentum in trading environment. Just going up and down. Technically we are broken above the resistance but the push does not appear to be powerful. The punch is weaker than you would like to see.

I found Chennai Petro as a break out stock. Keep stop loss at 200 and book profit at 240.
Tata Motors is running fast, it will be a speculative bet now. if you enter now, stop loss will be at 442. book profits as soon as you see them.

JBF industries is in uptrend too.

Thanks
Anil

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