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3 Aug 2008

Indian share tips:SBI weekly update

1. The short term outlook for SBI is positive, whereas for medium term the outook can be defined as cautious. This week stock faces considerable resistance with in a band of 1500-1600 level.

2. One has to keep watch of stockj breaking 1299 level and if broken the stock can touch level of Rs 1010. Presently it appears that stock will consolidate in a band of Rs 1400- Rs 1600. If stock closes above 1601 level; only than one will be able to see stock touching levels of Rs 1800.


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