Wednesday, November 13, 2013

Support 5945.

Dear All,

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Above counts favour of Bearish as Price broken some major supports. Now the fall should continue and if there is any rise should be used for 'Sell on Rise'.

>>> SBI <<<

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SBI results are out. So whats Next ??? - net profit for the quarter ended September 30, 2013 fell by 35.1% from a year earlier to Rs 2,375 crore as it incurred more expenses and had to make higher provisions amidst deteriorating asset quality. This was the sharpest year-on-year decline in the bank's quarterly profit in the past eight quarters.

Fresh slippages declined by 39.2% sequentially, while net accretion to non-performing assets was down by 65.8%.

1620-1630 if holds then possible of bounce till 1900+. In case break below the give channel then fall may continue for Wave 5. Lets See.


>>> ZEEL <<<

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ZEEL - Price went up sharply - RSI and MACD - Clear signal from Bear. Lets See.