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20 Dec 2009

Stock tips India | Hot stock Tip | SBI | 21-26 Dec

Short term trend in respect of State bank of India is down and thus stock can fall to the levels of Rs 2,045-Rs 2,060. However for the time being stock is likely to be range bound between 2000-2550 levels.

Thus as a strategy one should not go long if the stock closes below the level of Rs 2,050 as thereafter the stock can fall to the levels of Rs 1,900-Rs 1,950.

This share is likely to face resistances at the levels of Rs 2,225-Rs 2,280. Thus as a strategy one can short the stock if the share is not able to move above the level of Rs 2225 and same can be protected with stop loss as Rs 2251.

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