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29 Jan 2008

SBI Update

1. SBI is seeing some consolidation along with the market currently.

2. It will face short to medium term resistance at Rs 2,500.

3. Once this level is crossed with good volumes, the stock can go to Rs 3,000 in the next two quarters.

4. Keep a stoploss below Rs 2,080 and one can go long as merger is also in offing with subsidiaries of SBI.

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