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25 May 2008

SBI: Indian stocks tip for week ending 31 May

1. SBI has a medium trend which is in bearish mode and same is confirmed by daily oscillators and 14 week RSI.

2. Stock on down side can slide to 1340, 1245 levels on the lower side and same will occur if long term support in form of 1499 is broken.


3. Resistance for the stock exists at 1671-1741 and as a bullish investor one can go long in the stock only if trades above 1701 whwn one can say that short term outlook has become positive.

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