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12 Oct 2009

Online Share Market Tips | BSE NSE Tips | SBI | 12-16 Oct

SBI is technically looking down due to an evening-star pattern being formed in its charts and it indicates the reversal.

However as a strategy one can go short once the level of 1934 is broken on the lower side.

However if the trend reverses than it can target levels of Rs 2,155-Rs 2,553. The trend of the stock is down and thus stock can fall to the levels of Rs 1,964-Rs 1,890 in the near-term.

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