SBI has a stiff resistance at levels of Rs 2,090-2130-2213 and presently trend is down unless it closes above the level of Rs 2130 and in its down fall it can fall to the levels of Rs 1900-1,850-1,750.
Tata Steel is showing a mild uptrend and one needs to keep an eye on the level of Rs 661 which if broken means that stock will be on another leg which can touch its all time high of Rs 970. However if the given level of 661-650-627 is not respected than it can fall to the level of Rs 500. Thus as a strategy one can short this stock if it falls below the level of Rs 649.
Infosys good results has given it a booster dose and it has defied the down trend. It has astiff resistance at the levels of Rs 2,825 and thus it can fall to the levels of Rs 2,728-Rs 2,700 in coming days. However if it is able to break past Rs 2825 level than it can touch level of Rs 2890. Long term investors can be long in the stock with SL as Rs 2299.
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