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18 Dec 2008

Tip for Trading SBI: 19 Dec 2008


If Nifty is able to cross above 3050 tomorrow than one can enter in SBI which is one of the best bets in banking sector. Nifty move will positive effect on the price of SBI as Nifty will target the level of 3200-3250 once it crosses 3050 with volume. It is no doubt that State bank of India is best bet even for the long term also as no bank can challenge it in monopoly. ICICI bank could have had challenged it but its own finance mess has atleast put it behind by 2-3 years in competition with SBI.

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