One can initiate fresh longs if the stock is able to move past the level of 2800 with conviction failing which one can short the stock below Rs 2,740 for tgts of Rs 2,693 and then Rs 2,650-Rs 2,565.
SBI will get into confirmed bullish mode once it starts trading above the level of 3000 and till than it will remain in the grip of the bears.
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