Monday, 8 October 2012

INDUSIND BANK

We can clearly see from IndusInd Bank daily chart that a tri-star doji pattern is formed with a RSI of 78. My view on Nifty is slightly bearish(can correct upto 5600 levels)so i fell IndusInd Bank too can correct from these levels.                           
So in that case one can SHORT SELL INDUSINDBANK OCTOBER FUTURE @ 370 and BUY @ 362-360.

1 comment:

  1. INDUSINDBANK OCTOBER FUTURE made a low of 357.20..Target achieved..:)

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