Business Daily from THE HINDU group of publications
Sunday, May 04, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Sunday, May 04, 2008 ePaper | Mobile/PDA Version | Audio |
|
|
|
|
|
|
|
Investment World
-
Technical Analysis Markets - Stock Markets 
SBI continued its gentle climb higher and closed with a 4 per cent weekly gain. The oscillators in the daily chart are appearing gung-ho in the bullish region. The current up trend can take the stock higher to Rs 1,885 in the near-term. If this level is surpassed, the next target is Rs 1,958. Short-term traders should book profit on long positions if the stock fails to get past the first target. Supports for the week would be at Rs 1,740 and then Rs 1,680. Fresh shorts can be initiated on a decline below the first support. As indicated last week, the stock faces key medium-term resistance between Rs 1,850 and Rs 1,880. Fresh longs are advised only on a close beyond this resistance band. — Lokeshwarri S.K.
More Stories on : Technical Analysis | Stock Markets
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|