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29 Jun 2008

Indian banking industry update for SBI

1. SBI is also in downtrend and it has broken a key barrier of 1300 level. The stock can be shorted as stock can achieve the downward target of Rs 1030 on the lower side.


2. However the stock is fundamentally sound and if you are a long term investor consider value buying to make gains in long term. The trend for stock will change once it starts trading above 1401 level.

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