1. SBI is indicating a downward trend and one need to watch the stock breaking the level of 989 on the down side. If stock breaks this level than it can fall to the level of Rs 860. In its upmove stock faces resistance at Rs 1,088-Rs 1,131. As a strategy for short term one can short the stock if stock fails to move above the level of Rs 1088.
2. Infosys faces strong resistance at the level of Rs 1,260. If the stock is not able to move past the level of Rs 1260 than it can fall to the level of Rs 1,160-Rs 1,130. Stock is having a weak short term trend in coming weeks; however medium-term trend is sideways.
3. One need to watch Infosys level of Rs 1,130 as its breach means that stock can fall to the level of Rs 1,050. As a value investor one can buy this stock between Rs 950 and Rs 1,050.
1 Mar 2009
Trade with technical supported tips| SBI and Infosys | 02 Mar-06 Mar
Trade with technical supported tips| SBI and Infosys | 02 Mar-06 Mar
2009-03-01T09:51:00+05:30
Analyst
Infosys|SBI|
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