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1 Feb 2009

Stock to buy Strategy in India | SBI | 02 Feb - 06 Feb

1. State Bank of India is showing positive moves but it has to move above the level of Rs 1,200 to keep the bullishness in stock intact.


2. As a strategy one can go long once the stock moves past the level of 1,251 as thereafter the stock can target the levels of Rs 1,375. One can say that medium term trend of stock will turn positive provided the level of Rs 1381 is reached on closing basis.

3. Stock is presently moving in a neutral trend and one has to watch the strong support existing at the levels of Rs 1,000 as from this level stock has generally taken a bounce and one as a value investor can buy near this region but definitely guard against stock breaking 999 levels.

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