Jindal steel making clear higher highs but Macd is making a lower low indicating a further fall in price.
one can sell @cmp with SL@157.5
R:R would be 1.8
target -148.5
here Tata motor looks very weak on weekly plus monthly and a strong support is around 26-30 levels. You can go short future and can protect upside by buying call option hedge or hedge on spot market.
after this strong down move in the previous week's session and taking support at fib level,it is indicating a correction in a down move. short term buy swing trade for 3-4 days untill it test fib levels then further continuation in a down move .
