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Wednesday, December 19, 2012

Jai Balaji Industries Ltd: Buy for the Mining Story to Unfurl
Off-late there has been a surge in the steel counters. We have seen today, Tata Steel Ltd breaking out of Rs.406, resistance zone. Similarly, SAIL also broke out and is moving towards the next target of Rs.91-92. 
Besides, this an important event happened: JSW Steel jumped 7.7% in 2 days and we know the relation between the share price of Jai Balaji Industries and JSW Steel. 
Buy the scrip at Rs.35.50-35.75, for a short term target of Rs.42-44, SL--Rs.31.80. 
Note: This recommendation was sent to the Paid Groups on 18 th December, 2012.