SBIN - Is it saving the fall or not? We may expect more rise on SBIN and fall arrest @ 4790 (Updated you in the morning)
My twitter update in this morning for free was this -
Result came and it shoot up from 1850 to 1920.
I have already informed not to short @ lows of NIFTY. specially hinted for 4790.
It has broken 4790 for few odd seconds and bounced.
(When 76.40% retrenchment, we are counting from 5630 which was months back so cannot count * few seconds break of 4790). Low was 4788.95, say it 4790 approximately.
Finally SBIN is saving the fall.
As long as 4790 sustain, I can conclude for recovery. Yes, I already refused to trade short and dealing long now but on selected instruments.
My twitter link - www.twitter.com/viecapital
Regards,
Praveen Kumar
Result came and it shoot up from 1850 to 1920.
I have already informed not to short @ lows of NIFTY. specially hinted for 4790.
It has broken 4790 for few odd seconds and bounced.
(When 76.40% retrenchment, we are counting from 5630 which was months back so cannot count * few seconds break of 4790). Low was 4788.95, say it 4790 approximately.
Finally SBIN is saving the fall.
As long as 4790 sustain, I can conclude for recovery. Yes, I already refused to trade short and dealing long now but on selected instruments.
My twitter link - www.twitter.com/viecapital
Regards,
Praveen Kumar
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