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8 July 2015
CMP :
Action :
Targets :
Stop-loss :
Comment :
866
SELL
830-820
885
Daily chart suggests that the stock is
making lower top lower bottom on
the daily chart and is likely to
continue the same. RSI has also
given negative indication. The stock
continues to trade below 50 & 200
day SMA’s.
Technical &Derivatives Analyst
Nirav H Chheda
Contact:- 022-39268199
nirav.chheda@nirmalbang.com
JSWSTEEL JULY FUT DAILY CHART
Duration : 2-3 days
COMPANY NAME GRAPH NAME
Disclaimer:
Nirmal Bang Securities Private Limited (hereinafter referred to as “NBSPL ”)is a registered Member of National Stock Exchange of India
Limited, Bombay Stock Exchange Limited and MCX stock Exchange Limited. NBSPL is in the process of making an application with SEBI for
registering as a Research Entity in terms of SEBI (Research Analyst) Regulations, 2014.NBSPL or its associates including its relatives/analyst do
not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst (in case any financial interest is held
kindly disclose)NBSPL or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve
months. NBSPL /analyst has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market
making activity of the company covered by Analyst. The views expressed are based solely on information available publicly and believed to be
true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision .
Nirmal Bang Research (Division of Nirmal Bang Securities Pvt LTD)
B-2, 301/302, Marathon Innova,
opp. Peninsula Corporate Park
Off Ganpatrao Kadam Marg
Lower Parel(W), Mumbai-400013
Board No. : 91 22 3926 8000/8001
Fax. : 022 3926 8010

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Nirmal jsw steel_08_jul15

  • 1. 8 July 2015 CMP : Action : Targets : Stop-loss : Comment : 866 SELL 830-820 885 Daily chart suggests that the stock is making lower top lower bottom on the daily chart and is likely to continue the same. RSI has also given negative indication. The stock continues to trade below 50 & 200 day SMA’s. Technical &Derivatives Analyst Nirav H Chheda Contact:- 022-39268199 nirav.chheda@nirmalbang.com JSWSTEEL JULY FUT DAILY CHART Duration : 2-3 days
  • 2. COMPANY NAME GRAPH NAME Disclaimer: Nirmal Bang Securities Private Limited (hereinafter referred to as “NBSPL ”)is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and MCX stock Exchange Limited. NBSPL is in the process of making an application with SEBI for registering as a Research Entity in terms of SEBI (Research Analyst) Regulations, 2014.NBSPL or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst (in case any financial interest is held kindly disclose)NBSPL or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. NBSPL /analyst has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity of the company covered by Analyst. The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision . Nirmal Bang Research (Division of Nirmal Bang Securities Pvt LTD) B-2, 301/302, Marathon Innova, opp. Peninsula Corporate Park Off Ganpatrao Kadam Marg Lower Parel(W), Mumbai-400013 Board No. : 91 22 3926 8000/8001 Fax. : 022 3926 8010