Sunday, June 26, 2011

MAKE A DIFFERENCE TODAY

There was a man taking a morning walk at  the beach. 

He saw that along with the morning tide came hundreds of starfish and when the tide receded, they were left behind and with the morning sun rays, they would die. 

The tide was fresh and the starfish were alive. The man took a few steps, picked one and threw it into the water. He did that repeatedly. 

Right behind him there was another person who couldn't understand what this man was doing. He caught up with him and asked, "What are you doing? There are hundreds of starfish. How many can you help? What difference does it make?" 

This  man did not reply,  took two more steps, picked up another one and threw it into the water, and said,  "It makes a difference to this one."

Saturday, June 18, 2011

STATE BANK OF INDIA


State Bank of India has made a double bottom and RSI is showing positive divergence.  Indicating a possibility of up move from here on.

Posted alongside is a EOD chart for SBIN.


CMP: 2213.10

One can buy here with SL below 2160.  Above 2356  TGT can be 2474 > 2663.






Alternatively,  Here is a short term chart for State Bank of India, the trend is still down.  A move past 2248 will turn the trend up in the short term.

One may take entry once the price closes above 2248.



HAPPY TRADING !
SHEKHAR