MTECHTIPS:- SBIN:- SBIN is in HOLD SHORT position The share is in downtrend For short term buy only if close above 320.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 308.8 The SBIN is now trading in highly oversold level. The oscillator is showing BUY signal .The short term sell signal is supported by 50 % indicators.
Intraday trend-Buy is advised only above 326.5 with a stop at 315.1 Below 311.8 go for sell and put stop at 323.1 The intraday signal is BUY and it is supported by 78 % indicators.