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28 Jan 2009

Profitable Indian Stock Strategy for SBI to Make Money

1. It is extrememly difficult to make money in a market which seems to be trading directionless and the best strategy in such markets is to buy at support and sell at resistance.


2. One such strategy which can be executed is related to State Bank of India as it is moving in a rangebound Trade and it is likely to move in a range beween Rs 990- Rs 1300 as Rs 1300 is a stiff resistance region. As a strategy one can buy near Rs 1000- Rs 1050 and can sell on rallies near 1250-1300. However hold with stop loss of Rs 989.

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