Flashback
Readers who went long in relcapital at 952 would have had the oppurtunity to book longs at 970 as it pulled back really strongly from long level. Nifty stoploss for long was triggered though.
SBI was the star stock today as it bounced back violently from first support level mentioned in weekend analyis . Coincidentally, today's nifty high of 4578 was close to the first resitance level 4570 mentioned in the weekly analysis.
For wednesday trading
Bull Level
In the scenario of nifty future crossing 4560, buy at retracement level of 4528 with stoploss at 4501 for targets 4590, 4615, 4640.
Bear Level
In the scenario of nifty future breaking 4501, short at retracement level of 4528 with stoploss at 4560 for targets 4485, 4450,4420.
Looking good : King of Banks
SBI looks extremely good on charts for tomorrow.
For tomorrow trading buy sbi at retracement level of 1850 with stoploss at 1828 for targets 1885, 1920, 1945,1975
