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5 Dec 2010

Market Tips | Day Trading tips for SBI | 06-11 Dec 2010

SBI is facing stiff resistance at the levels of Rs 3,150 and it is an important level where lies the 50 day moving average. If it is able to sustain above this level than it can target level of Rs 3300.

As a strategy one should enter in this stock only once it is able to move past Rs 3150 level decisively because if the stock is not able to sustain itself above this level, than it can fall to the level of 29850-2550 levels.

On the other hand, inability to move past Rs 3,150 will pull the stock down to Rs 3,000 and then Rs 2,900.

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