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5 Oct 2008

Safe Indian stock investment strategy for SBI for current week

1. State Bank of India is showing positive trend and as a result the stock is likely to target the levels of Rs 1550-1565-1600-1620 levels.

2. One can become totally optimistic regarding the strength in the rally for the stock when it crosses the level of Rs 1621 on closing basis. In case it breaks past the level fo Rs 1621 than the stock will head for the level of Rs 1,699- 1,849.

3. As a short term strategy one should go short only if it closes below the level of Rs 1249 on closing basis.

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