SBI:Result day-- Watch 222-217 & 241-246 for any break down or break up; NPL may drag for some more quarters---

Trading idea: SBI

CMP: 227

Sell around 241-246 OR around 255-260;

TGT: 222*-217-210-204-198*-192-182*-170-155-145* (1-3/6M)

TSL> 248 OR > 265

Note: Sustaining above 248, SBI may rally up to 255-260 zone, which may offer another strong supply zone for the scrip and only consecutive closing (3 days) above 265, it may rally further towards 275-295*-305-315* & 325*-335 in the near to long term (alternative bullish case scenario from the current trading level).

Any one holding long position in the counter or want to buy fresh, may also watch 222*-217 zone closely as the immediate support zone for the scrip.

More to be updated----

Analytical Charts: SBI