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14 Dec 2008

Indian stock tip for bullish stock: SBI: 15 dec -20 Dec 2008

1. SBI is in bullish mode in shorter time frame. The banking stock of India has a resistance at Rs 1,231. However if the stock fails to move above this fi8gure than it can fall to the level of Rs 1,069. In case if stock breaks 1069 level than one can say that short term trend of the stock has turned negative. Stock is like to be range bound in coming weeks between Rs 1,000 and Rs 1,500.

2. However if State Bank of India remains above Rs 1,140, than the said stock can target the levels of Rs 1,274-Rs 1,356 in forthcoming weeks.

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