SBIN - Positional

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.

Comment: Bank Nifty is falling; Won't enter unless it comes back above 21600
Trade active: Buy triggered at 190
Comment: Trailing SL adjusted to 191
Trade closed: target reached: Trailing SL hit
Comment: Exit SBIN and stay away - Large traders are playing with it right now !


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