Flashback
Readers would have printed out the almighty dollar in infosys short as it fell down to exactly 4th target of short trade.
Bull Level
Buy nifty future at 4952 with stoploss at 4922 for targets 4995, 5020, 5040, 5065
Bear Level
Short sell Nifty future breaking 4922 at retracement to 4950 with stop loss at 4975 for targets 4900, 4870, 4840.
SBI --Bear Pick
SBI has been the leader of the rally in the late stages taking the mantle from Reliance.
It appears from the charts as if it is going to change. See how the fibonacci confluence zones are stacked up in the above chart.
It is very clear that today's low of 2110 is very significant for SBI.
Tomorrow, if SBI future breaks 2110 short sell on retracement to 2120 with stop loss at 2140 for targets 2095, 2065, 2020, 1995
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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