Research of Indian Stock Market

Saturday, July 23, 2011

STATE BANK OF INDIA!!!



After Last Q result sbin went to nearly 2100 Low and consolidate for five weeks and made a up move to 2540 which is the centre point of the long black body .For the last two week it stay in same level(2500).Volume also very low compare to privies weeks

In my opinion Sbin can’t move above  2540 level .So trader’s can consider to go short I the current level SL 2540 ,TGT 2200

 

Copyright M. Subramaniam