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7 Dec 2008

Infosys and SBI tips for day trading for week: 08 Dec-12 Dec 2008

Indian stock Market Tip: Infosys Update

1. Infosys is presently in a downtrend and thus one need to watch the stock moving above the leve of Rs 1301 to become bullish on the stock. If stock breaks the level of Rs 1100 than it can touch the level of Rs 1050-950. Continue for

2. As a strategy long term investors can hold the stock with a stop loss as Rs 950 as Infosys enjoys Rs 1100 as a strong support and one can see the bounce back from this level. presently stock is consolidating and can move in any direction.

Indian share Market tips: SBI Update

1. SBI enjoys Rs 994 as a long term support and this level also represents the 61.8 per cent retracement of the entire long-term up trend from the September 2001 trough.

2. Stock can consolidate in a range of Rs 1,000 and Rs 1,500.

3. Trend of stock is up in short duration and thus we may see a resistance at the levels of Rs Rs 1,200 and Rs 1,250. However if stock fails to move above Rs 1250 than we may see stock sliding to the level of Rs 1,078 or Rs 995 again.

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