In daily time frame it has made an Evening Star Doji with a negative RSI divergence. It faces resistance at 215 and support now comes in at 195-190. View negates above 222.
Evening Star Doji is formed in an UPTREND, 1st candle is bullish one , 2nd candles is a DOJI candle above the body of the previous candle and 3rd candle is a bearish one below the DOJI...
SBI formed an evening start after an uptrend and is likely to fall till the next strong resistance.
Initiate short calls.
Sell at 193.5. Target at next resistance, ie, 182. Stop loss at 50 DMA, ie, 197.
NOTE: Supreme court to have a hearing on the interest waiver case. NSE:SBIN
STBT IN KAVERI SEEDS
FEB FUT
BELOW 200-DMA WITH NEGATIVE NEWS FLOW
20-DMA TURNING DOWN
NEAR STOP
SHORT@585
STOP@596
TARGET 1@570
TARGET 2@560
LOT:1500
QTY:1
