SBI charts before results already in panic !!!!! now what results on 12th Aug 2013….

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SBI already panicking before results and is already showing signs of panic as overall all PSU banks sold off after results.

The results i.e Net profits increased in major banks results but increase in NPA’s and RBI’s tightening of monetary policy is creating panic in overall banking sector.

SBI as shown in chart could retest its long term support zone …..

SBI chart click2enlarge.

SBI monthly chart 02.08.13

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