Trading Recommendation For The Week Starting From-1-9-14

TECHNICAL  RECOMMENDATION  FOR  THE  WEEK  STARTING  FROM-- 1-9-14

1. STATE BANK OF INDIA:-Technically it is showing sign of weakness, but it may still give you both buy and sell opportunity during the week.

(A)Sell points on the rise:-Above 2460.70 are 2503 with S/L2513/, 2550 with S/L2560
,2577 with S/L2585.

OR

(B)Sell Below 2453 for sure with a S/L of 2465 for a weekly target of 2390 and then 2360

(C)Those who want to take long trade can try long call above 2453 with a stop loss of 2445

Remarks: Since it is technically becoming weak therefore my bias is on the sell side and I suggest sell on the rise at appropriate level and with an adequate stop loss. Please make your cost as stop-loss in favorable trade for capital protection.

2. LARSEN & TOUBRO:-Technically it is showing sign of weakness, but it may still give you both buy and sell opportunity during the week.

(A)Sell points on the rise:-Above 1526.50 are 1557 with S/L1562/, 1580 with S/L1587
     ,1610 with S/L1620.

OR

(B)Sell Below 1490 for sure with a S/L of 1500 for a weekly target of 1460 , 1445and then 1430

(C)Those who want to take long trade can try long call above 1500 with a stop loss of below1490

Remarks: Since it is technically becoming weak therefore my bias is on the sell side and I suggest sell on the rise at appropriate level and with an adequate stop loss. Please make your cost as stop-loss in favorable trade for capital protection.

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND                    

   PROTECTION OF CAPITAL

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