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Umang Bhutada

2nd Feb · SEBI-Registered Analyst

SBIN
Trend: Strong` intraday V-recovery after demand from 995 zone. Important Levels: Support turned demand: 999 Minor support: 1008 Resistance: 1019 Above 1019 → momentum expansion Expected Move: As long as price sustains above 999, buyers are in control. Clean build-up below 1019 suggests breakout attempt. Short Fundamentals: PSU banking leader, strong participation during budget/financial themes. Final Verdict: Above 999 = bullish intraday structure. Watch for expansion above 1019.

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