02-09-2022 09:44 AM | Source: Religare Broking Ltd
Buy State Bank of India Ltd 520 PE For Target Rs.15 - Religare Broking
Derivative Ideas
SBIN shed 0.36% and closed at 531.35 on 8th Feb. The stock faced the supply at exactly in 540-545 zone where it faced the resistance earlier and has seen a cut of nearly 3% after that. With SBIN trading below its 5 EMA, we believe the counter is poised to test its support at 500. We recommend to go Short in SBIN with the PE option.
Strategy:- BUY SBIN 520 PE @ 7-8, SLOSS AT 4, TRGT 15.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Latest News
Aamir Khan expresses hope for Sarfarosh 2 during the...
Celebration breaks out in Rajkot after Gujarat board...
Vicky Kaushal spotted at Mumbai airport; draws atten...
Young fan brings PM Modi a beautiful portrait during...
Finolex Industries closes Q4FY24 on a strong note wi...
India going to make mark in basketball across the wo...
Waaree Renewable Technologies Limited Q4 results FY24
Weekly Market Analysis : Markets gradually declined ...
India`s forex reserves surge by $3.7 bn to touch $64...
IISc, Lam Research upskill engineers in semiconducto...