January 24, 2012

SBI Analysis Before RBI policy

 
  • SBI nearing important resistance levels.
  • Closing above yesterday's high will lead to continuation of this up move.
  • Closing below 5 Day Low EMA will favor bears for a correction.
  • Price also nearing 5 Month High EMA and channel resistance line which may act as resistance if the up move continues.
  • SELLING ZONE OF NIFTY
  • US DOLLAR TESTING 50 SMA
  • DOW JONES EOD UPDATE

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