Monday, November 8, 2010

SBI - www.ashudutt.com

SBI - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG
Unless SBI breaks the support of 3200, I see no break in its uptrend. If it does break 3200, then it opens up a whole gap upto 2800. However, SBI's rise is driven by the lack of floating stock and in such strong liquidity driven markets, the maximum that may happen is a day's fall. As long as there is no breach of the 3200 level and volumes remain strong, its a "buy on dips" stock
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