JP ASSOCIATES, HDIL, INDIABULLS REAL ESTATE: SHORT TERM TRADES

JP ASSOCIATES:

1. BUY in the 74-76 zone which corresponds to the Fibonacci 50%-38.2% area
2. Keep a stop loss at 70 closing basis
3. Look for a 1st target of 83 followed by 87.5 in the next 4 weeks or so.

HDIL:

1. BUY as close to 85 as possible (the Fibo 38.2 line).
2. Keep a stop loss at 77 closing basis
3. 1st target 93 followed by 99 and then 109. Difficult to put a time frame since so much depends upon upcoming external events, but if things go well we should get the first two targets in 3 weeks.

INDIABULLS REAL ESTATE:

1. BUY around 62 levels
2. Keep a stop loss at 58 closing basis
3. 1st target 69 followed by 74 in about 3 weeks.