Stock of the day : Buy Indraprastha Gas Ltd For Target Rs.448 - Religare Broking
State Bank of India Ltd
* In line with the recent underperformance of the banking index, SBIN is also witnessing pressure and gradually drifting lower.
* It has recently slipped below the support zone of long term moving average i.e. 200 EMA on the daily chart.
* The prevailing chart formation indicates a negative tone to continue.
* We thus suggest traders to create fresh short positions through the Put option.
Buy Indraprastha Gas Ltd CMP 434.30; Range 430-432; SL 422; Target 448
Technical Chart : Daily
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