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12 Jul 2009

Indian Share Tips | SBI | 13-17 July


As suggested in previous post SBI has shown a bearish engulfing candle and as a result the stock has fallen to the levels of Rs 1,500. However one must understand that Rs 1500 is a strong support for the stock and thus the stock can rise to the levels of Rs 1,650-Rs 1,700. One can be positive on the stock only when it closes above the level of Rs 1,700 and a close above Rs 1700 level means that stock can rise to the level of Rs 2,000 again. If the level of Rs 1499 is broken than the stock can fall to the level of Rs 1,416 or Rs 1,290.


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