SBIN | Bears gaining strength - Important supports under threat

Completing a brief pull back for prior fall, SBIN appears to have resumed bear trend. Previous low at 354 is taken down with a strong momentum; advantage bears. With over all market in risk off mood a recovery anytime is less likely, which means we could see further fall from current levels.

Support levels are seen at 348, 342 (Fib level) and 336.

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