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11 Feb 2009

Indian stock market trading | Swing trading Tip | ACC, SBI

1. ACC is a stock which is showing an uptrend and thus it can easily target the levels Rs 572 in an uptrending market. The trend of the market tomorrow will be determined as per the US market and thus keep an eye on the same.

2. One must remember to have a stop loss placed and same stands at Rs 520 to keep the loss to the minimum. Stock can tomorrow target the levels between 540.5-548.5,561 and if we consider Fibonacci than stock can rise to the level of 558 and can maximum fall to the level of Rs 517. Stock faces resistance at 567 and thereafter if this hurdle is crossed than stock can targt the level of Rs 577 on extreme edge.

3. One can buy SBI near Rs 1110 levels and must keep the stop loss of Rs 1090 in the said stock to make money with the trend. This stock can target the levels of Rs 1220 if stock is able to stay above 1165 level.

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