This has been in a strong downtrend for the past weeks and now at a 10 year support level where Fund Managers would love to go big on size with a TIGHT Stop Loss .
However since its trading below all moving averages i feel that it will get rejected in its attempt at reclaiming the long uptrend line by which time our beloved NIfty should be around 10422-10500ish zone.
Long term Investors i'd say hop on board with tight stop losses or keep waiting for 99 possibly 74 .
However since its trading below all moving averages i feel that it will get rejected in its attempt at reclaiming the long uptrend line by which time our beloved NIfty should be around 10422-10500ish zone.
Long term Investors i'd say hop on board with tight stop losses or keep waiting for 99 possibly 74 .
Trade active:
Still a fair bit to go at this fast pace that SBI moves .. to 188 where i shall set my alert and take it from there.
Buy the Rumour Sell the News:)
Carpe Diem!
i usually ignore FA though Market sentiment is important