Technical Views
Date: November 11, 2014
Overview: Indian Markets are consolidating in a range. It seems that distribution of stocks has started and correction is due soon. Until then, we would go with the trend and trade as per the signals market gives us. Currently, Nifty and Bank Nifty are still in positive zone and shows no signs of weakness. Among the banks State Bank Of India (NSE:SBI) and Bank Of Baroda (NSE:BOB) look good to buy.
Please click on attached PDF for full report. (PDF contains full report along with charts to justify our view)