Trading Calls for Short Term

The market expects you to accept losses.  If you want to play in the market you better be prepared to play by the market’s rules.  Accept the losses, make them small based on proper risk parameters

Today's rally in NIFTY was born out of pessimism.  Every one was bearish in market and waiting for 4910 to break and yesterday 5000 CE 11 Lakhs contract were added and market rallied to cut or scare the Writers.

Market always moves in direction which give maximum pain to traders.

State bank of India

SBI has been weak stock in today's rally , Nifty rose 80 points on back of IT Socks but banks were lagging the Index and SBI on the front. SBI is main contributors to Bank Nifty. Inflation came at Higher rate which will see RBI increasing interest rate 25 BPS.
SBI has been supporting the trendline and Break below which will lead to more downside,If low is not broken SBI can rally to upper end of trendline.

Buy above 1829 Tgt

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