Swing Calls:SBI,Infosys,Sun TV and Jubilant food
State Bank of India
SBI we have covered it 2 days before as a breakout trade above 1710 Stock made a high of 1776 and now profit booking is advisable. Stock is approaching its trendline resistance as shown in above chart. Resistance are never broken in single attempt.
Sell between the range of 1776-87 keep sl of 1800 Tgt 1753 and 1731
Infosys Limited
Never catch a falling knife and it holds true for infosys also,So do not jump into a sinking boat either stay with trend or stay on sidelines. Pain is still not over in infosysSell below....
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