1. TISCO has a strong resistance at the levels of RS 231. Thus one needs to keep this level under watch for this Indian stock because if this level is not penetrated than the share can fall to the level of Rs 200. If stock is able to break the barrier at Rs 231 than it can target the level of Rs 250. If stock is bae to show a breakout beyond Rs 250 than one can see the level of Rs 300-340-365 in medium term.
2. It appears now that for some time the stock will be range bound before making a breakout. One can be with positive outlook for the stock if the stock is able to sustain itself above the levels of Rs 189. If Rs 189 level is broken than as a strategy one can short the stock as in that scenario one can see stock retouching the levels of Rs 150.
Intraday Trading Tip SBI
3. As a strategy one can buy SBI and stock can see the level of Rs Rs 1,220 and Rs 1,368 provided the stock is able to sustain above the level of Rs 1000.
4. SBI has strong support existing at Rs 1000-1,098-1,051.
