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21 Sept 2008

Free Indian stock tip for SBI

1. SBI was one of the stocks which was not effected by Lehman brothers crisis last week. SBI reversed from its support of RS 1401 level.

2. SBI has to move above the level of rs 1601 for the uptrend to remain intact in the stock. If it is able to move above 1601 with volume than one is likely to see the level of Rs 1700 in the stock.

3. SBI enjoys support at the levels of Rs 1399 and Rs 1300 levels. One can remain long till the time 1399 level is not broken.

4. Long term trend for stock is positive and a strong bull trend will commence in stock once stock moves ahead of the level of Rs 1871.

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