http://in.reuters.com/article/idINIndia-51323220100907 State Bank of India Chairman O.P. Bhatt said on Tuesday that loan quality in the banking sector had deteriorated in the last two years.
UNIONBANK Rs 342 has seen bull liquidation with -1% drop in Open interest and price correction of -1.6% and volumes lower by -50%. This stock corrected -9% intraday after making a double top Rs 351.70 and made a low of Rs 320 which makes Lower low and Lower Top and Open High was same Rs 351.7 which indicates selling from start in this stock yesterday. Caution is advised in this stock till Rs 354 is not crossed, it can target lower levels of Rs 320 & 305.
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