Short term strategy
1. Go long with 1100 as a target and SL of 1000.
Reason
The Stock has shown good moves in recent times.
Expanding its retail chain and with this intention, it will test its resistance or can say mental resistance of 1100.
CMP:1054
Target: 1100
SL:1020
1.Aluminum company Nalco had reported bumper Q2 results last week, with a close to two-fold rise in net profit at Rs 234.63 crore for the quarter ended September 30, compared a net profits of Rs. 121.2 crore in the same quarter last year.
2.With China cracking down on illegal and highly polluting aluminum producers under new environmental norms, aluminum prices...
