December 15, 2011

SBI Chart Analysis

  • SBI breaking below 20 SMA and 1746 level will favor bears.
  • In case of an up move 50 SMA will act as first resistance.
  • Stock is still below the down trend line which shows the strength of the trend. A bigger breakout possible only if the stock is able to close decisively above the down trend line.
  • 50 SMA is at 1811
  • 20 SMA is at 1777
  • Recent low 1746
  • GOLD SUPPORT LEVELS
  • S&P 500 EOD ANALYSIS

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