JSPL
Shares of Jindal Steel & Power (JSPL) gained as much as 6.53 per cent in morning trade on Wednesday after the net loss of the company narrowed to Rs 455 crore for the quarter ended December 31, 2016 against net loss of Rs 882 crore in the corresponding quarter last year.
The Naveen Jindal-led firm had clocked a net loss of Rs 882 crore in the corresponding quarter in 2015-16.
Consolidated gross sales of the company stood at Rs 5,849.70 crore, up 22.84 per cent YoY.
Technical Levels for JSPL
Support at 85.50 and Resistance at 96.25
Trend looks positive …. There consecutives close + weekly close above 96.25 will take it to 100---105 and then to 120+ mark else could touch its support level of 85.50.
Looks weak below 85.50
More will update soon!!
