Stock of the day : Buy SBIN 530 PE For Target Rs.12 - Religare Broking
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/02/f29c5136d69e477da5435333cec4bedb.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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 SBIN 530 PE CMP 6.95; Range 5-6; SL 2; Target 12
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
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v60_8k7RrpY.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IIT_madras.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v52_YBXYPzi.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock28.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v150_P5qvzEI.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/FPI.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Lakshadweep.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Echoes_of_Earth.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wheat_160224.jpg)