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State Bank of India Tips
(SBIN Future Stock)
Updated time: 04-12-2012
As seen technically, SBIN future is trading very near of Selling opportunity which is 2269-2236. Also, you can see Resistance which is very strong for selling
Just, Keep Patience for 2239-2262
SBIN is trend follow stock, it can fall sharply to 2200 below and more 2148-2163 easily and more 2117
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Intraday View on Nifty Future 4-12-2012
Support 5856-5866
(If trade among above level, then Smart traders can buy Nifty Future)
Keep in mind – Keep Profit booking with 40-70 points…
Selling might be increase at 5940 around where market can start to fall for short term
(Suppose to trade above and stay for few minutes and Nifty can fire to more upside)
Political cue
Government’s battle to push through FDI in retail will begin in the Parliament today with the crucial debate in Lok Sabha. Mayawati and Mulayam keep UPA 2 on the edge ahead of the vote on FDI in retail saying that they oppose the move, but will take a final call on the floor of the Parliament.
Europe
The European markets closed off their best levels following weak manufacturing data from US, however news that Spain had formally requested an EU bailout for its banks helped limit losses. Spain formally requested a bailout for its struggling banks to be disbursed on December 12.
Debt Buyback
Greece has set the terms of a plan to bond buy back a key portion in the plan to reduce its high debt. Athens said that it wants to buyback 10 billion euros in debt setting a steep discount to the original value it was willing to pay.
The terms of the offer mean that bondholders have to reveal how big a loss they are willing to take before the price of the buyback is set. The offer ends on December 7 and the settlement is on December 17.
Euro group ministers wrapped up a short meeting saying that they will announce the results of Greece’s bond buyback plan at the next meeting. Chairman Jean Claude Juncker said he was confident Greece would get its aid by then.
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Nifty bounce 150 Points from 5555 Nifty future trading 5787
Just watch Today or Tomorrow (Selling pressure 5801-5822
You will see in chart Here is great resistance for Nifty future Suppose to close above and crossover…then Free of charge Rally can be see!
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Nifty Future Book Profit 5715 above
We will take again long position
5668-5682 very soon
Just Book Profit …! and Enjoy
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(Updated on 27-11-2012 at 07.30 AM)
Yesterday written NF had hurdle at 5658
Nifty fut made high at 5655.
Now for Today…
Crossover 5658 will take up to 5683-5709.
5636-5625 good intraday support.
Sustained trading above 5709 with voumes
Expect Nf moving up to 5748-5768 in coming sessions.
5585-5572 strong support zone.
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