Alpha India EE - Financials Special

Orpheus Capitals, April 2011, Pages: 5

Financials Special: Shriram Transport Finance and LIC Housing Finance

The market bias is now negative as NIFTY turned back from true trendline resistances near psychological 6,000. Sub respective resistances we continue to wait for further negativity till 5,600 supports or even lower. The current report carries two potential shorts from the Indian Financial Services sector. Shriram Transport Finance Daily The non-confirmation of the daily RSI momentum continues to suggest a completing minor correction up. Sub previous resistances (820-830 levels) we continue to look lower till our targets at 720-650 levels.

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