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27 Jul 2008

Invest in India with researched tips for SBI

1. SBI faces resistance at the levels of rs 1557 and thereafter resistance at the level of Rs 1615.

2. SBI as a stock has a broad trading range varying from 1000-1600 level.

3. As a trader one should go long once stock trades above 1616 level and one can see the stock achieving the levels of Rs 1700-1850.


4. This Indian banking stock is bullish in shorter time frame and is bearish in medium term outlook.

5. As a strategy one can short the stock if it breaks Rs 1,349 level and thereafter it can achieve the down ward target of Rs 1,225.

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