Wednesday, September 3, 2014

SBI trade (2400 PE)


SBN 2400 PE, buy 20-22, SL 15.
 
Some people might be wondering why this trade was given. 

Following is the trade setup :SBI cash and futures both made a doji on daily charts yesterday, and have given a low below the low yesterday. There is also a trendline shown in the chart acting as a resistance.

The PE chart gave a low risk setup, SL below recent low.

SBI futures daily chart:


SBI 2400 PE hourly chart :



Potential targets: T1 40-45; T2 60-65; T3 75-85, and maybe 95 too

 


 

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