Sell State Bank of India For Target Rs. 2310 – Angel Broking Pvt Ltd

State Bank of India

Justification: Similar to other PSU Banking counters, ‘SBI’ too remained under some selling pressure in the last we ek. In the proc ess, the stock prices sneaked below the strong support zone of the daily ’89 – EMA’ placed around ` 2445. This sell off was followed by a modest…

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Buy Coal India Ltd For Target Rs. 393 – Angel Broking Pvt Ltd

Justification: The stock is undergoing a ‘Time-wise’ as well as ‘Price-wise’ correction ever since it posted a new life time high of `423.70(High of June 11, 2014). The daily chart clearly displays that the stock stalled its position around the strong support zone of the daily ’89-EMA’ placed around `345.…

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