SHORT TERM TRADES; JP ASSOCIATES, BALRAMPUR CHINI,

BALRAMPUR CHINI:

1. BUY at cmp 67
2. Keep a stop loss at 58 closing basis
3. First target 71, where exists a strong resistance, on closing above which for a few sessions, next target 80.
4. Time to targets: first target should be in the next few sessions, the second 1-2 months perhaps.

JP ASSOCIATES:

1. BUY at cmp 93
2. Keep a stop loss at 85 closing basis
3. Strong resistance at 96, above which target would be 105. Second target over a longer span is 121.
4. Time to targets: Depends on Market macros, but we should see 105 in a month conservative. If the Market senses a concrete rate cycle reversal, the second target will come pronto, by December end perhaps.

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