SBI has fallen from the top when NIFTY cracked due to the Geo political tension and due recovery cause the tension has been stabilized.
RBI Report is bullish for PSUs and SBIN is really a strong bank to fall thanks to the support of Government and dependency from its huge customer base.
We can spot a three dive pattern here with Fibonacci legs of 2 and 0.886 (assumptive). Take Profit and Stop loss has been decided with Fibonacci.
SBI Aug 270 PE is at 0.25. With a lot size of 3000, it is about the profit of 750 INR for tomorrow.
One can either sell SBI Sep 270 PE which is at 4.05 or can buy SBI Sep Futures which is at 278.45 right now.
RBI Report is bullish for PSUs and SBIN is really a strong bank to fall thanks to the support of Government and dependency from its huge customer base.
We can spot a three dive pattern here with Fibonacci legs of 2 and 0.886 (assumptive). Take Profit and Stop loss has been decided with Fibonacci.
SBI Aug 270 PE is at 0.25. With a lot size of 3000, it is about the profit of 750 INR for tomorrow.
One can either sell SBI Sep 270 PE which is at 4.05 or can buy SBI Sep Futures which is at 278.45 right now.
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Telegram: t.me/unofficed