Thursday, May 23

SBI Technical Analysis before Q4 results

State Bank of India is scheduled to declare its earnings for the quarter ended March 2013 on Thursday tomorrow during market hours around 1 PM. SBI being an index heavyweight will also decide the trend of Nifty. Its a great day to make money if you are on right side of trade. We have covered LT in today morning analysis and we were able to catch both upside and downside move as per levels :). So lets discuss SBI analysis in details.
Stock will be highly volatile today and traders are advised to use extreme caution when trading SBI, trade as per levels and stick with SL and keeping booking profit.

SBI Hourly

NCSBIN

2271 is the trendline resistance on Hourly charts. High Volume Trade was done in

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