SBI is now consolidating inside long red candle created on 27/07/2012 for last 5 sessions. consolidation near recent bottom is a bearish sign and if SBI is not able to break 2085-2100 on upside, it may witness selling pressure which may take it to retest swing low of May 2012 around 1800.
So beware of SBI at these levels.
Those having long term investments in SBI may insulate themselves from the fall, if occurs, by selling higher strike calls of August and September 2012.
below is the chart showing SBI stuck inside the long red candle of 27/07/2012. keep a close eye and protect your investment.
This message on blog has been displayed in public interest and is not for purpose of creating panic in investor's mind.
So beware of SBI at these levels.
Those having long term investments in SBI may insulate themselves from the fall, if occurs, by selling higher strike calls of August and September 2012.
below is the chart showing SBI stuck inside the long red candle of 27/07/2012. keep a close eye and protect your investment.
NOTE: we have following positions in SBI as RESULT STRATEGY(CLICK HERE) and my followers on twitter and blog may also have same positions, so kindly take advice of your financial adviser before taking any investment decision.
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