Got 1st green candle for the day from 246 to 250 & stops at 250
If SBIN struggles in 251 - 252 zone then book partial profits & look to re-enter in 247-248 zone also Bank Nifty if falls below 24300 sustains below then take some rest & join later
Also, if SBIN fails to hold 247-248 - take a longer pause in that case it can dip below 245 as well.
SBIN Last Price@250.50 - Struggling in 251-252 as expected
Bank Nifty Last Price@24235 Falls 70-80 points from close to 24300 levels
Nifty falls from 10150-10160 to 10127
SBIN Last Price@252 - 14 points back to back
246 to 252 – 252 to 248 & 248 to 252+
First it moved exactly from 245-246 bottoms from shark's mouth to 251-252
Later, as expected 251-252 to book profits & join back in 247-248 - Made low @248.05
Today it opened gap up from 248.05 lows to 252 -
Enjoy the Roller coaster ride of the market which acted as market barometer helping Bank Nifty jump 200+ points today & Nifty jumping 60+ points from 10125 lows.
Closed- Enjoy the rest of the week.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ