NIFTY SPOT VIEW-13TH AUGUST(MONDAY) 2012
::BASIC and SMART TRADER COURSE WILL BE HELD ON CHENNAI ON 12TH AUGUST ::
VENUE:Achiver Institute
38 Besant Avenue,Adyar,Chennai-600020
Bus stop:Malar Hospital Adyar Signal.Near Padmanabha Nagar Post office.
Time-10:00am to 5:00 pm
:: NEXT BASIC AND SMART TRADER COURSE WILL BE HELD ON NEW DELHI, ON 18TH AND 19TH AUGUST 2012.
Today I am writing something about SBI. Why SBI fall sharply?
Those people have technical chart follow the date 11th July, on that day time was square by price, (W D Gann said when Price and time square trend will be change.) From that day according to Gann swing SBI already given 314 points by short entry within 30 days.(13th July was the entry day and the trade continue yet now..)
As well as Axis bank given 110 points upside rally from the date of 27th July, there was also time square by price.
Till now nifty unable to hold 5350 level successfully, further strength will come only taken out 5350 level cleanly. Buy on dips till valid at the level of 5200.Watch for resistance are-5350-5380-5435-5505 and support stand for-5260-5200-5145 closing basis.
below see the SBI price chart….
Below see the Axis bank price chart..
STOCK ALERT:
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