SBI and Infosys Technical View

By | January 9, 2011

Infosys Technology

Infosys will be declaring its result on 13 Jan and Stock looks precariously poised looked technically as its near 20 EMA.Stock saw a steep fall on Friday trading sessions.

If Stock breaks Friday’s low 3356 breaks Stock becomes a clear sell

Sell below 3356 TGt 3319 and 3268

State Bank of India

SBIN has corrected 25% from the highs of 2500 to low of 2600 .Rate Sensitive is correcting are taking a knock on rising inflation and fear of rate hikes.

SBI was in bull market and is now touching its 200 DMA. Stock tend to touch its 200 DMA in a bull market and take a bounce from it.

SBI has closed below its 200 DMA@2662 and has closed below it for 2 Days in a Row.Next week should see the Price move,if above to move above 2662 than we can see a good rise till 2851 levels which will again act as a resistance.

Buy above 2603 Tgt 2639,2678 and 2713

Sell below 2567 Tgt 2528 and 2439

Leave a Reply