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1. SBI faces strong resistance at the level of Rs 1601.
2. Presently SBI has gone in downtrend and thus can target 1400 level where it enjoys strong support.
3. Trend of the stock is negative as it has breached the levels of its 50-day moving average as well as the medium-term trend line.
4. If 1399 level is broken than State Bank of India can target the levels of Rs 1335-1300-1250 level.
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