1. SBI has a deep support at Rs 1,250 and one must be careful with the stock as it is moving close to its lon term trend line at Rs 1,301. In case stock moves below 1249 level than the chances of stock dipping to 1000 level are high in medium term.The near-term downside targets for the stock exists at Rs 1,250 and then Rs 1,135.
2. As a trader one need to be cautious as near-term outlook for the stock stays negative.
3. On the upside short-term rally will see resistance at Rs 1,401 and then Rs 1,481.
4. A close beyond 1,481 is needed to mitigate the negative short-term outlook.
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15 Jun 2008
STATE BANK OF INDIA :: INDIA's LARGEST BANK UPDATE FOR WEEK ENDING 20 JUNE
STATE BANK OF INDIA :: INDIA's LARGEST BANK UPDATE FOR WEEK ENDING 20 JUNE
2008-06-15T12:48:00+05:30
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