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31 Aug 2008

Analysed stock update for SBI

1. SBI enjoys a strong support at the levels of Rs 1319. One has to keep this support under observation as breaking this level means that stock can head for Rs 1,250.

2. In case stock closes below the level of Rs 1239 than stock can touch the level of Rs 1050.

3. If stock closes above 1451 than the stock can target the level of Rs 1,519- Rs 1,577- Rs 1,690- 1,930 wit each level acting as resistance for the stock.

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