We all know history repeats but look the box repeats.
If Nifty Index pushes upside as expected to 9880-9920 Zone then likely SBIN also could push to the resistance zone of 285-287 Once it starts moving above 279. Later, if you see, it is getting resistance between 285-287 then look to sell for targets 275 -270 with recent high as stops which will be formed in next few sessions.
Selling with Deep Crab in 300-320 Zone
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11:45 Hrs 16th Aug2017
Last Price@279.20
Nifty is Struggling - Keep a watch as nifty starts moving above 9800 - SBIN starts moving above 279- can push to 285-287 zone.
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19:19 Hrs 16th Aug2017
Last Price@283
Above 279 went close to 285 - Day High@284
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09:44 Hrs 18th Aug2017
Last Price@277
moving in line as expected. jumped to kiss the target zone 285-287 - went to 285 & the fall down to 277
Trade closed: target reached
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11:39 Hrs 31st Aug2017
Both the Targets were reached - 1st upside to 285-287 & then fall to 271- close to 270.