State Bank of India Ltd. is largest nationalized bank in India, having more than 26,500 branches across the country and about 137 branches abroad, also it has more than 25,000 ATMs, however SBI Group has more than 45,000 ATMs. So we can see how big this bank is, it has more than 200,000 employees. State bank of India was listed on NSE on 1 March 1995 and after the listing the company has given ... [Continue Reading]
Short Sell Nifty Future on Every Bounce, Downtrend is Still Intact
Nifty future has still downtrend for medium term, selling near resistance will prove to be most profitable strategy at this point of time. Reliance industries is not going to perform as gas production from its KG basin block hit a record low and also globally gas prices as making lower tops and lower bottoms. Short selling nifty future will be trading strategy to be adopted here. As per my ... [Continue Reading]
Short Sell Ultratec Cement ULTRACEMCO Future at 1510 level target 1310
Ultratec cement (ultracemco) is trading near 138.2% Fibonacci extension level, this level is widely used for profit booking and many professional traders are ready to book profits now. A correction can be easily ruled-out which will pull this stock towards 1380 level and much lower then after. We would advice traders to short sell ultracemco future near 1510 for positional targets as 1380 and then ... [Continue Reading]
DLF Short Selling Opportunity in Short Term, Target 175 Level
Dlf has been pointed-out by a Canadian based research firm Veritas Investment Research, this firm reveals the poor companies which are doing bad in term of financial. DLF stock was trading around 209 when company published its report about DLF and just after the reports were public stock tanked about 7% in no time. Also this firm has valued DLF at Rs.100 per share 50% lower than its current ... [Continue Reading]
NIfty Future Chart Shows 5400 as Key Resistance Level, Short Sell Nifty Future
Nifty future has rallied from 4550 level to current 5370, being an 800 points positive move straightway. But for now key resistance for nifty spot lies at 5400 level. Moreover nifty 5400 call option has highest open interest hence limiting nifty future current uptrend to 5400 level. Trade setup using this information, will be to go short on nifty future around 5380 level for positional targets as ... [Continue Reading]