Swing Calls:SBI,Infosys,Sun TV and Jubilant food

By | January 13, 2012

State Bank of India

SBI we have covered it 2 days before as a breakout trade above 1710 Stock made a high of 1776 and now profit booking is advisable. Stock is approaching its trendline resistance as shown in above chart. Resistance are never broken in single attempt.

Sell between the range of 1776-87 keep sl of 1800 Tgt 1753 and 1731

Infosys Limited

Never catch a falling knife and it holds true for infosys also,So do not jump into a sinking boat either stay with trend or stay on sidelines. Pain is still not over in infosys

Sell below 2578 Tgt 2561,2550 and 2527

Buying is advisable only above 2640

Sun TV Network

 

Sun TV network is showing a breakout trade above 302-05 levels where the trendline resistance breaks on upside.

 

Buy above 302 Tgt 305,307 and 316

Sell below 293 Tgt 288,283 and276

 

Jubilant Food

 

Jubilant food has been oscillating and trading around its 200 DMA,Stock has not been able to close above 200 DMA means supply and selling is coming on higher end.

Sell below 771 Tgt 756 and 739

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