STATE BANK OF INDIA
Short

SBI to reverse after an evening star

SBI formed an evening start after an uptrend and is likely to fall till the next strong resistance.
Initiate short calls.

Sell at 193.5. Target at next resistance, ie, 182. Stop loss at 50 DMA, ie, 197.

NOTE: Supreme court to have a hearing on the interest waiver case. SBIN

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