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Monday, October 18, 2010

SBI Continues to Fall towards target


SBI did not open gap down as I expected, but has fallen further today.  

I am short at 3200 with a safe target at 3050, indicated by the horizontal line.

I'll dissolve some position at this level just to be safe and wait for further fall till the indicators tell me that the market is going up again.

Chart Source: www.moneycontrol.com

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