Infosys has to close above the level of 1801 to keep its bullish momentum going; else stock is going to be range bound with in a band of 100 Rupees. One can have a stop loss of Rs 1,669 as thereafter stock can fall to 1650-1600 levels. Thus exit all long positions if stock breaks the level of Rs 1669 and one can go long provided the stock breaks past Rs 1,854 for a target of Rs 2,000.
NSE BSE Day Trading Tips : SBI
SBI has a negative trend if the stock is not able to move past the level of 1,840. State bank of India has strong supports in the region of 1600-1620 level. if the stock breaks the level of 1598 than stock can hit the level of Rs 1550-1537 in short term and 1350 in medium term. As a strategy go long only when the stock trades above the level of Rs 1,855 for a target of Rs 1900-1935.
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