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22 Nov 2009

Intraday Trading Tips which make Money in India | SBI |23-27 Nov

SBI is moving in an indecisive state as it has formed a spinning top formation in the weekly chart. Thus one has to be ready as it shows that stock can break on either side.

One need to keep the short-term supports for SBI under watch which are Rs 2,267-Rs 2,187.

Thus as a strategy one can hold the stock till the time stock stays above Rs 2,190.

One need to watch the strong medium-term resistance which exists between Rs 2,330-Rs 2,400 and if the stock is not able tomove above this level than it can fall to the level of Rs 2,100-Rs 1,900 over the medium-term.

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