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1 Jun 2008

Free Indian stock market calls for SBI for week ending 05 JUN

1. SBI has also not escaped the market wrath and thus has got into a down trend and thus one may see the stock targeting 1336-1250 levels. One can see a technical bounce back in the stock from the levels of 1301.


2. Market outlook for the stock is presently negative, however daily oscillators which are oversold indicates that stock may take a few more days before the full swing downward commences.

3. One must keep in mind supports for the stock as 1330-1301 level and resistance will be provided to this Indian banking stock at 1601-1671 levels.

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