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28 Sep 2009

State Bank of India is Force to Reckon With: Trading Strategy


State bank of India is showing an undecisive state due to formation of doji star in the weekly candlestick charts. Irrespective of that short-term trend in the stock is up and thus as a strategy one can be long in the stock till the time the support at Rs 2,049 is not breached o the lower side. High risk traders can be long till the time the stock do not break below mhe level of Rs 1934.

Since the trend is up in short term thus stock can target levels of Rs 2,169-2,299- 2,375-2395-2553.


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