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It was a free-for-all on the SBI counter last week as both the bulls and bears tried to make the most of the RBI governor's musings.

The result was a spinning top on the weekly candle stock chart that denotes indecision.

The stock is halting just above important medium term support of Rs 1,100. Investors can hold on to this stock as long as the price sustains above Rs 1,100. But the short-term outlook for this stock stays weak. A reversal below Rs 1,250 can see the stock weakening to Rs 1,130 or Rs 1,100.

Lokeshwarri S. K.

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