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19 Oct 2008

Stock Market Star: SBI

1. State Bank of India has a positive uptrend in the medium term time frame.

2. Asa strategy one can keep on holding stock till the level of Rs 1329 is not breached, On higher side it will encounter resistance at Rs 1571-1650-1815 levels.

3. Exit all longs if 1250 level is broken on down side.

4. SBI has been stock market star as despite so much tumoil in international markets, it is holding firm.

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