IDBI has broken three major supports and closed
below that at 57.65. Looking at the global cues and the way our market has
fallen from the top, indicates a definite down swing. Tomorrow we have an
announcement of RBI policies. It is difficult to assume and predict the outcome
of policies and trade. what we have is chart and we have a very weak chart but
to avoid any unforeseen circumstances we will trade with very strict Stop Loss.
One can sell IDBI for the targets of
55.65 & 53.65. Please keep a Stop Loss of 59.75. Please refer the chart
below for better understanding.
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