SBI @ Delivered return of 21-22% in less than a month.

We recommended SBI on 3rd March 2014 when it was trading at around Rs 1518 with clear cut idea@
http://moneymystery.blogspot.in/2014/03/technical-view-on-sbi-kahan-buy-karen.html

Today so far it hits 1849 when this msg posted...thereby delivering return of around 22% in less than 1 month.

Going ahead it faces touch resistance around 1880-1890 and I expect it to take a breather there. Next upside only above the mentioned resistance level. 

In my ideas one is always free to book profit at any level.
We believe at the right entry level with the least minimum risk.

Our 3rd March 2014 Recommendations@ Yes Bank, SBI & Tata Steel @ Delivered superb return in 4-5 trading session.

Recommended the following on 3rd March 2014 exclusively here at this blog for everyone@

Yes Bank@ http://moneymystery.blogspot.in/2014/03/buy-yes-bank-for-investment-purpose.html

SBI@ http://moneymystery.blogspot.in/2014/03/technical-view-on-sbi-kahan-buy-karen.html

Tata Steel@ http://moneymystery.blogspot.in/2014/03/buy-tata-steel-for-investment-purpose.html


Return Generated from the recommended level@

Yes Bank@ 28%
SBI@ 13% Approx
Tata Steel@ 8%

Technical View on SBI@ Kahan Buy Karen???

Many interested in accumulating SBI....not a bad idea however it would be great if it can be accumulated at the right areas. Current technical buy areas & support area around 1518 & 1475 and below 1475/1470 closing if close then one should wait further and shouldn't be hurry as the next strong support is very much down around 1320+-

Faces immediate upside resistance around 1620.

Something big can be seen on the either side soon.

Delivered Once Again@ Return generated for clients in just 3-4 trading sessions

On 16th Aug we recommended 20% of the desired qty in Yes Bank in the region of 258/230

On 19th Aug exclusively to our clients we recommended the following@
In little qty we recommended buy in Inox around 54, 
Bank of Baroda around 440, 
Reliance Infra around 322 n below, 
ICICI Bank around 817 & 788 and 
Century Textiles around 203.


Yesterday on 20th Aug we recommended Profit booking in Century Textiles close to 219.5...return generated 8%

And today 21st Aug, we recommended profit booking in Yes Bank close to 280, Return generated 12-13%

Recommended profit booking in Bank of Baroda around 485/490,
Return gernerated 10-11%

Recommended profit booking in ICICI Bank around 865/868,
Return generated close to 8%

Reliance Infra hits 345+
Inox hits 59

In my call one is always free to book profit at any level.

On 5th August here at this blog we gave give ideas on SBI & UCO@
http://moneymystery.blogspot.in/2013/08/uco-bank-technicals-for-all-what-next.html
http://moneymystery.blogspot.in/2013/08/sbi-what-next.html

Recommended profit booking in both SBI & UCO.
Return generated in UCO close to 10%
Return generated in SBI close to 6%

Downside view achieved@ SBI hits 1553

Alert@ SBI hits 1553 as of yet.

We gave the following message on 5th Aug@

Technically see some more casualties in SBI. Could hit and take support around 1620 and below 1620 at 1550 where its likely to take support & bounce. 

CMP Rs 1658 when this msg posted.

Link: http://moneymystery.blogspot.in/2013/08/sbi-what-next.html

SBI@ What Next?

Technically see some more casualties in SBI. Could hit and take support around 1620 and below 1620 at 1550 where its likely to take support & bounce. 

CMP Rs 1658 when this msg posted.

SBI Technicals

Technical View@ On the immediate downside State Bank of India could find strong support in the region of 1870 and could give good bounce from there. Upper resistance sen around 1957.


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