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Tuesday, September 20, 2011

TRADING RECOMMENDATIONS Jubilant Foodworks Ltd.

Technical Outlook & Trading Strategy:-

The Stock price of Jubilant Foodworks has registered a breakdown from its cluster of moving averages .

The overall technical remains negative. We expect the stock price to decline towards the level of Rs 850 /Rs 830 in the near term.

We recommend traders to sell at current level with a stop loss placed above Rs 912.20 levels.

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