SBIN - Positional
Updated
Massive OI Short Covering seen today with the monthly expiry and BN bounced from 21600.
Expect good upward movement tomorrow - either way.
Positional Ideas
Go long if it sustains above 188 on the 15 minute chart & BN retraces above 21950 for targets of 190, 193, 195.8 with SL at 184.8
Short only below 184.5 (sustaining below on the 15 min chart) for 182, 180, 178 with SL at 186.
Expect good upward movement tomorrow - either way.
Positional Ideas
Go long if it sustains above 188 on the 15 minute chart & BN retraces above 21950 for targets of 190, 193, 195.8 with SL at 184.8
Short only below 184.5 (sustaining below on the 15 min chart) for 182, 180, 178 with SL at 186.
Note
Bank Nifty is falling; Won't enter unless it comes back above 21600Trade active
Buy triggered at 190Note
Trailing SL adjusted to 191Trade closed: target reached
Trailing SL hitNote
Exit SBIN and stay away - Large traders are playing with it right now !
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