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MTECHTIPS  :-   SBIN:-       SBIN is in SELL position The share is in downtrend For short term buy only if close above 296.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 299.85 but caution- close Below low5 fresh selling can occur The SBIN is now trading in highly oversold level. The oscillator is showing SELL signal.The short term sell signal is supported by 88 % indicators.
Intraday trend-Buy is advised above 290.6 with a stop at 281.7 Below 279.1 go for sell The intraday signal is SELL and it is supported by 78 % indicators.