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12 Apr 2009

Hot stocks tip in India | SBI, Infosys | 13-17 Apr


1. State bank of India is facing pressure near the levels of Rs 1,200-Rs 1,220 and it is likely that stock will consolidate in the range between Rs 1,050 and Rs 1,250 for some time. One has to keep an eye on stock closing below Rs 999 level where one has to exit all longs.

2. As a strategy one can keep level of Rs 1250 under observation because if this level is not breached on higher side than stock can re-test its March lows over the medium- term. If the level of Rs 1250 is broken on upper side than stock can target level of Rs 1,368.
Free Indian stock Tip: Infosys

3. Infosys has a strong resistance at the levels of RS 1451. However positive news for tock is its holding above 200-day moving average. Presently trend is up in the stock and thus it can target the levels of Rs 1,475-Rs 1,527 in the near-term. As a strategy hold the stock in short term till the time stock is holding above Rs 1,339.

4. If Infosys breaks the level of Rs 1339 than it can fall to the level of Rs 1,000 again and if stock is able to move past Rs 1451 than it can target the level of Rs 1,580

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