4/29/2012 12:34:00 PM
















Bankindia Cmp :-330.70
Stock Has Given Breakout From Its Trading Range Of 337 – 380 Towards New Range Of 337 – 292 Stocks Has Given Close Below Previous Month Low Of 340 Which Also Denotes Downtrend. But Advice To Always Short On Pull Back So There Is Less Risk We Get Many Opportunities In Trading But Always Patience Pays Reward. One Can Short On Pull Back To 345 – 355 Range With Sl Of 360 On Closing. Stock Is In Downtrend Which Is Seen From The Charts And Making Lower Lows Also 8 Ema @ 345 While 38% Retracement And 50 Ema @ 355 Which Is Also 50 % Retracement While 200 Ema Is @ 256 So Stoploss Should Be Above 200 Ema Which Is Safe.