Saturday, January 2, 2010

SBI's Near term view.

Author: Ilango | Posted at: 4:05 PM | Filed Under: |

2 comments:

Vivek Marne on January 2, 2010 at 8:44 PM said...

Dear Ilango sir,

While going through ur chart, i am thinking that alon with the possibility u have had, followin is also possible. I had posted on 18 Dec chart. Followin is the think, i believe, SBI is major bearish with havig completed wave A, wave B and can start Wave C down. It would be great if u go thru the following pic:

http://1.bp.blogspot.com/_GCbVgu_PCxE/Sy4tNoSW2zI/AAAAAAAAAUs/JBkCwWG4jPM/s1600-h/SBIN+Flat+dated+18+dec+2009.png

Ilango on January 3, 2010 at 8:35 AM said...

Hi..Vivek,

It would be interesting to see the price action below 2100 to 2130 - whether a buying interest emerges or an acceleration of selling. For medium term investors, 2250 to 2300 or above are the profit booking zones as negative divergences persists.

very detailed chart. Keep your options open but with your preferred view and a trading plan.

Best regards.

ilango

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