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10 Aug 2008

Hot Indian stock: SBI

1. One needs to watch 200 DMA of SBI which is stationed at 1600 and thus stock has to trade past 1600 levels to be effectively able to target levels of Rs 1850.

2. Short term trend for stock is up and supports for stock exists at level of Rs 1440 and 1309 levels. Short term traders can exit all longs if 1299 level is broken. Avoid fresh exposure in stock if it closes below 1439 level.



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