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7 Sept 2008

Profit with SBI move

1. The stock moved in positive territory as predicted in last week.

2. One can safely state that the stock is in bullish mode and stock has the ability to cross the levels of Rs 1600-1629-1640 and if this is crossed one may see stock rallying to 1900 levels.

3. However due to profit booking in present levels stock is likely to see a decline to Rs 1,450 or Rs 1,400 level but it is a temporary blip as it is in a medium term bullish mode.


4. However if stck breaks the levels of 1389 all longs should be exited.

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