This is a weekly chart view. A break above 490/500 levels can in effect, give momemtum to the stock. 52 week high low is 1209.40 and 424. 1209.40 was pre bonus of 1:1, that is why stock price corrected.
Tuesday, 12 June 2012
Friday, 8 June 2012
SBI Elliot wave view
SBI has moved from lows of 1802 to high of 2191 and chart has 5 waves. So corrective 3 wave looks possible.
Tuesday, 5 June 2012
Key Dates to watch this week - 5th June 2012
Tuesday:
Services PMI: Markit comes out with its composite and services PMI. With India’s services sector seeing a downturn, the numbers are expected to be on the lower side
Wednesday:
Key Euro zone data:
German Industrial output data and the Euro Area revised first quarter GDP growth data
Thursday:
Ben Bernanke to testity before a US Congress committee. The Feb Chairman will give his take on the state of the US Economy.
June 6 - European Central Bank rates meeting
June 7 - Fed Chairman Ben Bernanke Congressional testimony
June 9 - China economic releases
June 12 - IIP Data
June 12 - IIP Data
June 13 - Parliamentary discussions on Euro Redemption Fund
June 14 - Inflation Data
June 15 - Advance Tax Figures
June 17 - Greek election
June 15 - Advance Tax Figures
June 17 - Greek election
June 18 - RBI policy meet
June 18/19 - G-20 in Mexico
June 19/20 - FOMC Meeting
June 28/29 - European leaders summit
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