usually we are discussing here commodities but as u requested for advice so after watching charts SBI is showing bollinger band break down. If you have already shorted then be in trade with SL of rs 2453 (20 ema) if 2384 (50 Ema ) breaks then futher downside could be seen.
Tata Motors: If you are shorted then be in trade with SL of rs 300.70 as same bollinger band break down and 20-50 ema crossover will happen in future then good fall expected.
Icici-Rs 1150 is 50 ema support if that breaks then bollinger band could also show some sign of more fall till now 1150 could be good support.
Wipro: Chart pattern is not so exciting for both buy /sell so no comments.
Above are rough views and opinion is made after watching free EOD charts of I CHARTS. IF in future if start NSE charts in AMI then possible more better idea could be gained. Till now its a rough as nifty rally seems over stretched it could test 5800(20 ema in weakly chart) -5850 in near future of 1-2 months even more as from 4800 no big correction come except that crash of single day . SO those who wants to buy for long run should wait for correction dont run after these TV guys and buy good stocks like above.Its my personal opinion based on technical charts only.
Tata Motors: If you are shorted then be in trade with SL of rs 300.70 as same bollinger band break down and 20-50 ema crossover will happen in future then good fall expected.
Icici-Rs 1150 is 50 ema support if that breaks then bollinger band could also show some sign of more fall till now 1150 could be good support.
Wipro: Chart pattern is not so exciting for both buy /sell so no comments.
Above are rough views and opinion is made after watching free EOD charts of I CHARTS. IF in future if start NSE charts in AMI then possible more better idea could be gained. Till now its a rough as nifty rally seems over stretched it could test 5800(20 ema in weakly chart) -5850 in near future of 1-2 months even more as from 4800 no big correction come except that crash of single day . SO those who wants to buy for long run should wait for correction dont run after these TV guys and buy good stocks like above.Its my personal opinion based on technical charts only.
SBI- TODAY LOW IS 5277.ICICI BANK- TODAY LOW IS 1117.05.:thumb:
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