SBI will be coming out with its results today around 12-1 PM, Stock has been falling from 14 trading sessions on expectation of bad results. Its said banks will only be able to recover 30% of the load given to Kingfisher airlines. So rise in NPA is expected which street will not like. As the stock has corrected from past 14 trading sessions bad results have already been digested and any surprise can spark a rally.Technically stock is consolidating near its 100 DMA and rising trendline from low of 1815.
Buy above 2273 Tgt 2304,2324,2353 and 2380 SL 2241
Sell below 2240 Tgt 2222,2192,2172 and 2145 SL 2274
DLF will also be coming out with its results today.Stock is trading perfectly in its up trending channel, yesterday trading session took support at lower end of channel.Good results can drive the stock back to its upper end of channel.Any bad one fall till 243 is on cards.
Buy above 261.8 Tgt 264.7,267.1 and 270.3 SL 258
Sell below 255.5 Tgt 252.5,247 and 243 SL 258
Tata Motors has formed multiple bottoms at 284 bounced back sharply to 312. Stock is driven by any news on Jaguar. Before results stock looks strong on charts
Sell below 303 Tgt 298.55,295.2 and 292.3 SL 306.8
Buy above 307 Tgt 310,312 and 315 SL 303
Avoid Spike Trades let the price sustain above Buy price for atleast 1 min.
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