Wednesday, May 18, 2011

State Bank Of India(SBIN)-A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook


SBIN closes  at 2414.70 with a  huge fall of -7.7 % on 17 May 2011 with formation of  Long BlacK Bearish Candle   on Daily  Price Chart,after the Bad Results . Technically, SBIN  is looking extremely Bullish/Oversold on  Charts. Major Momentum indicators are now pointing at oversold zone with good Bulls Power. It indicates further price movement in upper side. If SBIN holds and trade above 2427, the Uptrend is Started.
We Recommend to BUY& Hold   –  SBIN  At  CMP
Target- 2621/2750/4100(12Month)
Stop-Loss –(For Mid Picks Only with 5% Capital Risk)
Time Frame- 5-30- Trading Days
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NIFTY NEXT- Nifty Trading Range for 18 May 2011


Nifty-spot today (18May2011) will Trade with huge volatility within the Range of 5400-5470. VIX has declined in last Trading session. On Technical Price Chart, major momentum indicators are looking oversold and eyeing for an Jump from its lower level. As per our NNI-Nifty Next Indicators, which increased in last Trading sessions along with increase in volume and other factors, suggests that Nifty will Trade with Positive Bias or We may see the  Recovery of any losses from its lower levels. Banking Stocks will be Best For Intraday Trade on 18 May 2011.
Call NiftyNext # +91-96 508 21 682 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com
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Disclaimer

The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
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