Tuesday 4 February 2014

Market Update And SBI

Bulls desperately trying to keep it above 5960-5940. If it remains above that then we can hope for a cyclical market till elections hovering between 5900 to 6300 range.

As for stocks Hindalco is going as it should.

SBI looking like a good buy if it holds its historical low support. 1457-1450 range level. If it bounces positively from it then it is a good discount buy for medium term target of 1700 considering NPA reduces considerably. 1600 is short term target. SL should be around 1400.


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