 "Markets, Buy, Sell, Stocks")
Pullback may extend towards 11,400
Nifty formed a bottom at 11,108 and reversed northward during Tuesday's (May 14) session. Nifty has witnessed a total fall of 748 points from the all-time high of 11,856. Many stocks from the largecap space seem oversold and there are good chances they might pull back from the current levels. Nifty could extend the pullback toward 11,390-11,400 levels. However, overall trend would remain bearish unless Nifty closes above 11,550.
BUY SBI
CMP: Rs 315
Target: Rs 335
Stop Loss: Rs 300
Stock has been outperforming amongst all the PSU banking stocks. The stock price has broken out
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