Thursday, October 23, 2008

SBI HNS

Old hns big picture 1622-1562 broken supports
got retested now smaller picture hns breaks below 1368
Refer to old post:
http://fnocharts.blogspot.com/2008/06/just-charts-part-ii.html


Momentum will increase only below 1295
targets 1231-1165-1147-1100
panic low of july 1000 area ultimate target




P.S: Mind you I am bullish nifty 2950/2800/2600
These are humongous supports for nifty and we could get a 20-30% rally, I am bearish on sbi/tatapower.
Just be careful because a 'rising tide lifts all boats' to some extent anyway :)
2 more candidates for late lateef tops=hll/itc will post pics later.

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