We are now on CHAT
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The markets today should wove downwards. The inflation reports come out today as the government decides on the rate hike policy tomorrow. The markets are volatile and VIX is at 32.75 and the all time high stands at 36. BankNifty (9339) continues to be weak but then again this may find strong support @ 8917 - long way :(
SBIN has broken its Feb 2010 low of 1863 and now the next support comes in @1715 which is the Sept 2009 low
Our projected High 1860 & Low 1764 - below that 1730
RIL - Stochastics and RSI show that the stock is losing steam quick and may take another beating today. CCI has now shown a sell signal for the stock.
SELL BELOW 805 for targets of 798, 791, 784
Our projected High:817 & Low: 789
LT - The stock finds its next support @ 1609 - Definitely a sell for today AGAIN :)
Our projected High : 1653 & Low: 1604
Buy Nifty (Spot) above 4952 for targets of 4965 , 4985, 5003, 5020 SL - 4935
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