SHORT TERM TRADES; KRBL, JAYPEE INFRA, BALRAMPUR CHINI

KRBL:

1. BUY at cmp 27.6
2. Keep a stop loss at 23.4 closing basis.
3. Look for a first target of 31 and then 34.75. These correspond roughly to the Fibonacci 50% retracement and 61.8% retracement levels respectively, on the 2 yr Charts.
4. Time to targets, approx 1 month if Markets behave on a macro basis.

JAYPEE INFRA:

1. BUY at cmp 52.25
2. Keep a somewhat deep stop loss at 44 closing basis
3. First target 54 followed by 59 and then 65. Fibonacci retracement basis on the 2 yr Charts.
4. My eventual 1 year target is 73.
5. Assumptions : sustainance of the overall market trend and easing of the rate cycle.

BALRAMPUR CHINI:

1. BUY at cmp 70
2. Stop loss at 64 closing basis
3. First target 71.5. if crossed on strong sustainable volumes then next target 81.
4. Time to target 2 , a month or so, if at all.