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The price of SBI is moving in an upward trajectory, heading towards our targets of Rs 950 and then Rs 1,013. The price hit an intra week high of Rs 939 on Thursday. The price is moving in an upward moving trend channel since the low of 19th July, which projects a rise to Rs 1,000. Momentum continues to be good on the weekly chart though the short-term oscillators are nudging over bought territory. Since there are no signs of weakness evident yet, hold the stock with a stop at Rs 910.

Lokeshwarri S.K.

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