1. The dream banking stock SBI has broken and thus the outlook for stock has turned bearish and as a result stock can fall to the levels of Rs 995 or Rs 940 in the short term.
2. During the upward journey of this Indian stock it has to move above its 50-day moving average which exists at Rs 1,200. As a strategy one can short the stock during the rally with stop loss as Rs 1201 on closing basis. As a long term investment strategy one should enter this stock only if it moves above the level of Rs 1201 with volumes.
3. SBI has strong support at Rs 1,000 which is 61.8 per cent retracement of the entire up move since year 2001 trough.
26 Jan 2009
Free intraday hot trading tip | SBI Strategy | 27 - 31 Jan
Free intraday hot trading tip | SBI Strategy | 27 - 31 Jan
2009-01-26T11:28:00+05:30
Analyst
SBI strategy|
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