PrachiMetha

SBIN Looks Bullish

Long
NSE:SBIN   STATE BK OF INDIA
SBIN looks Bullish if it break resistance of 597 then probably it will test 615,620 level, but due to any other circumstances if its break 584-582 level then we can see downmove and it will test 565,560 and 550 level so wait for mention level.
Hedge Strategy
Buy SBIN 600 PE Near 13, SL 10, and Buy SBIN future above 601, Stop Loss 591, target 610,615,620 Investment Required 45000
Maximum Loss 8500
Profit upto 20000

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