TRADING RECOMMENDATIONS Indian Overseas Bank Ltd.

Technical Outlook & Trading Strategy:-

The share price of Indian Overseas Bank has been consolidating in a narrow range of Rs 106- Rs 110 levels for the last few session.

With today’s movement the share price has registered a breakout from this range. This breakout

suggests that the share price could head towards the level of Rs 114.50 / Rs 116 / Rs 118.

We recommend buy at current levels and again on pullbacks to level of Rs 110-109 with a stoploss placed below Rs 107.20.

TRADING RECOMMENDATIONS State Bank of India Ltd.

Technical Outlook & Trading Strategy:-

The share price State Bank of India has seen a sharp fall from a high of Rs 2500 on 26th july 2010 to a low of Rs 1866 on 26th Aug 2011.

The share price seems to have a taken a good support around the 1900 levels which is indicated

by its two bar reversal pattern on its weekly chart.

Today the share price has also closed above its short term moving averages indicating strength in the up move.

We believe the State Bank of India could head towards the level of Rs 2100 / Rs 2130 levels in the near term.

We recommend a buy at current level with a stop loss placed below the level of Rs 1983.