1. SBI equity investors have to be wary of the fact that it is hovering near its 50 day moving average and thus if level of Rs 1299 is breached than one can see stock touching the levels of Rs 1250.
2. SBI equity price has to move above the level of Rs 1451 to be able to target a level of Rs 1519. Stock is likely to face resistance at the levels of Rs 1501 and Rs 1601.
3. Medium term trend for stock is bearish and thus stock in medium term can target the levels of Rs 1250 and if this level is broken than one may see level of Rs 1025.
4. However if stock is able to move ahead 1521 level than it can target the level of Rs 1700.
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