Open Short position TP 407
Target 394, 380
SL 420 (should close above).
If your idea matches mine open short, I will keep you posted as price moves.
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THERE IS A HUGE DIVERGENCE IN THE PRICE RATIO GOOD TIME TO EXECUTE PAIR
STATISTICAL ARBITRAGE POSSIBLE
BUY SBI FUT @286
BUY SBI CASH @285.45
SHORT ICICI FUT @413
WAIT FOR MY EXIT SIGNAL!!
WatchOut for ICICI Bank Potential Breakdown of a long term channel, as it has failed to move up to test upper line for the third time, A break below can take it all the way down towards 200. Axis banks results were also not very supportive.
Shorts Can be taken with an SL above recent highs and for the Targets of 225, 205