Technical Intraday Swing Calls:SBI,Cipla and Pantaloon

By | October 11, 2012

Don’t think about what the market’s going to do; you have absolutely no control over that. Think about what you’re going to do if it gets there. In particular, you should spend no time at all thinking about those rosy scenarios in which the market goes your way, since in those situations, there’s nothing more for you to do. Focus instead on those things you want least to happen and on what your response will be

SBIN

SBIN has been downgraded by S&P and stock is looking weak on charts. Stock has given a fake breakout above 2278.

Sell below 2218 Tgt 2206,2189 and 2170

 

CIPLA

CIPLA is at its important support of symmetrical triangle and 50 SMA. Close look at chart shows 50 SMA has provided important support during the rise of 285-395.

Sell below 365 Tgt 363,358 and 355

Buy above 369 Tgt 374,376.5 and 381

 

Pantaloon Retail

Pantaloon as suggested yesterday took a beating and is now near to its important trendline support of 187.break of 187 can see stock going back to 165 odd levels.

 

Buy above 191.5 Tgt 192.5,195.7 and 198.5

Sell below 187 Tgt 184.6,179.8 and 173

 


 

 

Leave a Reply