Technical calls by Religare Broking: Buy SBI and Century Textiles

Here are the top trading ideas by Religare Broking.

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State Bank of India Recommendation: Buy Last Close: Rs 314.65 Initiation range: Rs 309-313 Target: Rs 330 Stop loss: Rs 302 Unlike other PSU bank majors, State Bank of India (SBI) has been trading strong while holding firmly above the support zone of major moving averages. It has recently tested crucial support zone around Rs 290 and rebounded sharply thereafter. The chart pattern combined with positioning of oscillators is pointing towards strong up move in near future. We advise initiating fresh longs in the given range. Century Textiles and ...